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 $715 of advertising services provided this month on account.
b.	OTT repaired some of NNs equipment this month, for $215 on account.
c.	NN collected $715 cash from OTT for the advertising services provided in (a).
d.	NN paid $77 cash to OTT for OTT advertising NNs online newspaper this month on OTTs Website.
e.	OTT and NN signed a promissory note, documenting OTTs $1,700 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).

2.	Show the journal entries that NN would record for items (a)(e).