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Prepare journal entries for transactions for sports training

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Nothing-but-net Sports Training helps train children in various sporting activities. During June 2019, the following transactions took place.

Jun 2 Received maintenance bill for $730 which will be paid next month.

Jun 3 Received $2,690 cash for training services provided.

Jun 5 Borrowed $5,000 cash from the bank.

Jun 7 Received $580 from a customer who owed money on training services already provided.

Jun 10 Prepaid $1,710 cash for rent for one year.

Jun 12 Paid advertising expense of $120 for the month with cash.

Jun 21 Paid $480 cash to reduce the amount owed to a supplier.

Jun 27 Paid $15 interest on the bank loan.

Problem 1: Prepare the journal entries for the above transactions.

Reference no: EM132743023

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