Write the appropriate journal entries in the Books of Account of Lots of Fun for the following transaction:

Lots of Fun paid a premium of $1,000 for car insurance. The insurance covers a year period

Lots of Fun received an offer from a company, XYZ, to rent the land Lots of Fun purchased last year. Lots of Fun agreed to rent the land for six months. The rent is to be paid in advance. Lots of Fun received $600 for six months rent.

Lots of Fun paid $300 for rent of office building for 3 months in advance.

Lots of Fun received an internet bill for $500 (not yet paid)

Lots of Fun Pty Ltd paid an internet bill for $500

Lots of Fun provided service to a customer and sent an invoice $800 to the customer (not yet received cash)

The customer paid $800 according to the invoice to Lots of Fun.

Lots of Fun Pty Ltd paid an internet bill for $500

Lots of Fun provided service to a customer and sent an invoice $800 to the customer (not yet received cash)

The customer paid $800 according to the invoice to Lots of Fun.

Write the appropriate journal entries in the Books of Account of Lots of Fun for the following transaction: Lots of fun paid a premium of $1,000 for car insurance. The insurance covers a year period Lots of Fun received an offer from a company, XYZ, to rent the land Lots of Fun purchased last year. Lots of Fun agreed to rent the land for six months. The rent is to be paid in advance. Lots of Fun received $600 for six months' rent. Lots of Fun paid $300 for rent of office building for 3 months in advance. Lots of Fun received an internet bill for $500 (not yet paid) Lots of Fun Pty Ltd paid an internet bill for $500 Lots of Fun provided service to a customer and sent an invoice $800 to the customer (not yet received cash) The customer paid $800 according to the invoice to Lots of Fun