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Transaction No. 1. 2. 3. 4. 5. 6. Account Titles and Explanation Debit Credit Teal Mountain Legal Services had the following transactions: 1. Cash is
Transaction No. 1. 2. 3. 4. 5. 6. Account Titles and Explanation Debit Credit Teal Mountain Legal Services had the following transactions: 1. Cash is paid for the purchase of $500 of office supplies. 2. Customer is billed $1,900 for services provided that day. 3. Equipment with a cost of $2,540 is purchased on account. 4. The current month's utility bill of $300 is paid in cash. 5. Cash of $300 is received for services provided that day. 6. Cash of $7,150 is received for services to be provided in the next month. Prepare journal entries for Teal Mountain Legal Services using the transactions above. Assume all of the transactions occurred on August 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)
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