Prepare journal entries for the following transactions of Nutrition Consulting Inc. a. b. Nov. 5 Paid...

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Prepare journal entries for the following transactions of Nutrition Consulting Inc. a. b. Nov. 5 Paid $5,000 cash for website maintenance services covering a 3-month period, beginning December 1. C. d. e. f. Nov. 1 Issued 1,000 shares of common stock for $20,000 cash. Nov. 10 Borrowed $24,000 cash on a 5%, one-year note with interest due upon maturity. Nov. 15 Performed nutrition consulting services for $2,000, with payment due in 15 days. Nov. 15 Paid cash for operating expenses of $1,600. Nov. 30 Received payment for services performed on November 15. a. Cash Account Name Service Revenue To record stock issuance b. C. To record cash paid for website service To record borrowing d. > > > > Debit Credit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 To record performance of services e. 0 0 0 0 To record cash paid for operating expenses f. 0 0 0 0 To record payment received Prepare journal entries for the following transactions of Nutrition Consulting Inc. a. b. Nov. 5 Paid $5,000 cash for website maintenance services covering a 3-month period, beginning December 1. C. d. e. f. Nov. 1 Issued 1,000 shares of common stock for $20,000 cash. Nov. 10 Borrowed $24,000 cash on a 5%, one-year note with interest due upon maturity. Nov. 15 Performed nutrition consulting services for $2,000, with payment due in 15 days. Nov. 15 Paid cash for operating expenses of $1,600. Nov. 30 Received payment for services performed on November 15. a. Cash Account Name Service Revenue To record stock issuance b. C. To record cash paid for website service To record borrowing d. > > > > Debit Credit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 To record performance of services e. 0 0 0 0 To record cash paid for operating expenses f. 0 0 0 0 To record payment received

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