The following transactions occurred during year 1, the first year of business, for Nancy Nanny Child Care. Record each transaction in proper journal entry format below using debits and credits.

TJE #5 During Year 1, Nancy Nanny provided child care services on account totaling $150,000

TJE #6 During Year 1, collections from receivable customers totaled $146,000

Chart of Accounts:

Cash

Accounts Receivable

Note Reveivable

Interest Receivable

Supply Inventory

Prepaid Rent

Property, Plant, Equipment

Accumulated Depreciation - PPE

Accounts Payable

Notes Payable

Interest Payable

Unearned Revenue

Common Stock

Retained Earnings

Dividends

Revenue

Interest Revenue

Cost of Goods Sold

Depreciation Expense

Rent Expense

Supply Expense

Wage Expense

Interest Expense

Here are my answers that I am unsure of:

TJE #5

Cost of Goods Sold? (Debit) 150,000

Unearned Revenue? (Credit) 150,000

TJE #6

Accounts Receivable? (Debit) 146,000

Cash? (Credit) 146,000