Examine the following transactions and identify those that created revenues for TI Servicing, a sole proprietorship owned by Todd Iver. Prepare General Journal entries to record those transactions and explain why the other transactions did not create revenues.
a. Todd Iver invested $76,500 cash in the business.
b. Provided $2,700 of services on credit.
c. Received $3,150 cash for services provided to a client.
d. Received $18,300 from a client in payment for services to be provided next year.
e. Received $9,000 from a client in partial payment of an account receivable.
f. Borrowed $300,000 from the bank by signing a promissory note.