Question: Use the worksheet below to prepare the appropriate transaction and adjusting journal entries for Cycle a) Jan. 6, 2020-Cycle Path paid the salaries payable from

 Use the worksheet below to prepare the appropriate transaction and adjusting

Use the worksheet below to prepare the appropriate transaction and adjusting journal entries for Cycle a) Jan. 6, 2020-Cycle Path paid the salaries payable from 2019. Date Basic Acct al Account Names Debits Credits 1/6/20 Salaries 884 A Cash 884 COETUS Basic Acct A. Assets up Asses down L. Liabilities up Ciaones L- SE+ Equity up Equity down SE- bb) CC) dd) ce) 10 Sep 30, 2020 - Recognized $680 of service revenue earned during the first nine months of the year; it had been collected in the prior year. Date Basic Acct E1 Account Names Oct. 1, 2020 - Sold additional bicycle rental and repair services worth $340 for one year's service, starting immediately. The customers paid cash for the full amount. Date Basic Acct E1 Account Names Nov. 13, 2020 - Collected $43,350 of accounts receivable. Date Basic Acct Eq 1 Account Names Nov. 20, 2020 - Paid an additional 54,675 to settle some accounts payable the payment was made after the discount period expired. Date Basic Acct EqI Account Names Dec. 27, 2020. Pald $2,380 of advertising expense during the year. Date Basic Acct El Account Names Dec. 28, 2020-Paid $3,553 of utilities expense for the year, Date Basic Acct E1 Account Names Dec. 28, 2020. Pald $10,600 of other operating expense for the year. Date Basic Acct El Account Names Dec 29, 2020Paida dividend of $10,200 to the shareholders Date Basic Acct E1 Account Names Dec 31, 2020 - There was $537 of supplies on hand at the end of the year. Date Basic Acct Eqi Account Names Dec 31, 2020. Recognized the expired rent from the prior year, van (event kill, office space levent (o) and the building levent for the year Date Basic Acct El Account Names Dec 31, 2020Recognized revenue for the current year earned from event (bb). Date Basic Acct El Account Names Dec 31, 2020 Accrued salaries at December 31 were $1,020. Date Basic Acct Eqi Account Names hh) 11)

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