Exercise 2-16 (Static) Analyzing and journalizing transactions involving receipt of cash LO A1 d Following are transactions for Voldez Services, a company owned by Brina Valdez. a. Brina Valdez invested $20,000 cash in the company in exchange for common stock. b. The company provided services to a client and immediately received $900 cash. c. The company received $10,000 cash from a client in advance for services to be provided next year. d. The company received $3,500 cash from a client in partial payment of accounts receivable, 1. Prepare general journal entries for the above transactions of Valdez Services 2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries for the above transactions of Valdez Services No Transaction General Journal Debit Credit 1 Cash 20,000 20,000 2 b Cash 2 90002 Required 1 Required 2 Prepare general journal entries for the above transactions of Valdez Services. No Transaction General Journal Debit Credit 1 a. Cash 20,000 20,000 2 2 b Cash 900 900 9 9 3 c. Cash 10,000 10,000 4 d. Cash S 3,500 3,500 Required Required 2 > Exercise 2-16 (Static) Analyzing and journalizing transactions involving receipt of cash LO A1 d Following are transactions for Voldez Services, a company owned by Brina Valdez. a. Brina Valdez invested $20,000 cash in the company in exchange for common stock. b. The company provided services to a client and immediately received $900 cash. c. The company received $10,000 cash from a client in advance for services to be provided next year. d. The company received $3,500 cash from a client in partial payment of accounts receivable, 1. Prepare general journal entries for the above transactions of Valdez Services 2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare general journal entries for the above transactions of Valdez Services No Transaction General Journal Debit Credit 1 Cash 20,000 20,000 2 b Cash 2 90002 Required 1 Required 2 Prepare general journal entries for the above transactions of Valdez Services. No Transaction General Journal Debit Credit 1 a. Cash 20,000 20,000 2 2 b Cash 900 900 9 9 3 c. Cash 10,000 10,000 4 d. Cash S 3,500 3,500 Required Required 2 >