On May $1,2026,$ Varga Tech Services signed a $$6,840$ consulting contract with Shaffer Holdings. The contract requires Varga to

provide computer technology support services on a continuous basis over the period from May $1,2026,$ to April $30,2027,$ with Shaffer

paying the entire $$6,840$ on May $1,2026.$

Record the journal entries for Varga on May $1$ and December $31,2026.$

Note: If no entry is required for a transaction or event, select $"$No journal entry required" in the first account field.

Journal entry worksheet

Record the cash received by Varga Tech Services.

Note: Enter debits before credits.