Question: Over-the-Top Technologies (OTT) operates a computer repair and web consulting business News Now (NN) publishes a local newspaper. The two companies entered into the following


Over-the-Top Technologies (OTT) operates a computer repair and web consulting business News Now (NN) publishes a local newspaper. The two companies entered into the following transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) a. NN billed OTT for $620 of advertising services provided this month on account. b. OTT repaired some of NN's equipment this month, for $187 on account. C. NN collected $620 cash from OTT for the advertising services provided in (a). d. NN paid $76 cash to OTT for OTT advertising NN's online newspaper this month on OTT's Website e. OTT and NN signed a promissory note, documenting OTT's $600 cash loan to NN this month with repayment to occur in six months. Required: 1. Show the journal entries that OTT would record for items (a)-e). View transaction list Journal entry worksheet
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