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. a NN billed OTT for $715 of advertising services provided this month on account b OTT repaired some of NN's 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 NN's online newspaper this month on OTT's Website e OTT and NN signed a promissory note, documenting OTT's $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 (aH(e) 2. Show the journal entries that NN would record for items (a-(e) Complete this question by entering your answers in the tabs below. Journal entry worksheet 2 5 NN billed OTT for $715 of advertising services provided this month on account Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 2 5 OTT repaired some of NN's equipment this month, for $215 on account. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit b Journal entry worksheet 1 2 3 4 5 NN collected $715 cash from OTT for the advertising services provided in (a). Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit C LO Journal entry worksheet 2 3 1 4 5 NN paid $77 cash to OTT for OTT advertising NN's online newspaper this month on OTT's Website. Record the transaction. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet
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