For each of the following transactions for the Banner Company, complete the journal entries by indicating the account that is debited (Dr) and the amount, followed by the account that is credited and the amount. Choose from the account name abbreviations below AND PLEASE SPELL THEM CORRECTLY IN YOUR ANSWER or Blackboard will mark your answer wrong. Assume that Banner prepares financial statements monthly.

CASH = Cash, PPDINS = Prepaid Insurance, EQ= Equipment, AD = Accumulated Depreciation, UNREV = Unearned Revenue, LP = Loan payable, IP = Interest payable, REV = Service Revenue, INSEXP = Insurance expense, DEPEXP = Depreciation expense, INTEXP = Interest expense

1. Banner received cash of $2,700 from a customer on December 15, 2017. In exchange, Banner is to provide services in the following amounts: $800 in January 2018; $900 in February 2018; and $1,100 in March 2018. Assuming services were provided according to schedule, what should Banner record on December 15, 2017?
   1. Dr.
   2. Cr.
2. What should Banner record in January, 2018, related to the cash received in (1)?
   1. Dr.
   2. Cr.
3. Banner borrows $150,000 from a bank on April 1, 2018. The annual interest rate is 8%. The loan must be repaid, with all interest, on December 31, 2018. What should Banner record on April 1, 2018?
   1. Dr.
   2. Cr.
4. What journal entry should Banner record related to 3 above for the month ended April 30, 2018?
   1. Dr.
   2. Cr.