Question: Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5) [The following information applies to





Required information E3-20 (Algo) Analyzing, Recording, and Evaluating the Effects of Income Statement Transactions [LO 3-3, LO 3-4, LO 3-5) [The following information applies to the questions displayed below.) MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years. Accounts Payable $ 360 quipment Repairs Expande Cleaning Expense Common Stock Wages Expense Cash 1.200 1,080 3,600 $ 2,80 240 2.400 960 Service Revenue E3-20 (Algo) Part 3 3. Prepare journal entries for the following December transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. Provided rental services at a price of $360 and collected the full amount in cash. b. Paid $B4 cash to a cleaning company for December work. c. Paid $72 cash to MyBne's part-time employee for December wages. d. Pald $120 cash on account for amounts owed from a prior equipment purchase e. Obtained repair services in December at a cost of $48, to be paid in January View transaction list Journal entry worksheet 1 2 3 4 5 > Provided rental services at a price of $360 and collected the full amount in cash. Record the entry. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Pald $84 cash to a cleaning company for December work. Record the entry. Note: Enter debits before credits. Transaction General Journal Debit Credit b Record entry Clear entry Vlew general Journal Journal entry worksheet Pald $72 cash to MyBnB's part-time employee for December wages. Record the entry. Note: Enter debits before credits. Transaction General Journal Dobit Credit Record entry Clear entry View general Journal Journal entry worksheet
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