Question: Question 1 - Blue Company completed the below transactions during 2019. Record the journal entries. 16 marks I a Performed service on account for $2,100.

 Question 1 - Blue Company completed the below transactions during 2019.

Question 1 - Blue Company completed the below transactions during 2019. Record the journal entries. 16 marks I a Performed service on account for $2,100. b. Paid dividends to shareholders, $650. c. Purchased a building on account for $125,000 Question 2 - Record for Blue Company the required adjusting journal entry on December 31, 2019 for the below. 24 marks a On Oct 1, 2019, paid $48,000 rent in advance for two year. b. On Jul 1, 2019, collected $3,420 as advance from a customer for services it will provide over the next three years. c. Salaries are paid each Friday, $240 per day for the five-day week. This Year, Dec 31, has fallen on a Tuesday

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