Reference no: EM1314189

Preparation of Journal entries.

Prepare journal entries to record the following transactions:

(a.) Purchased $3,500 of supplies on account 
(b.) Paid $4,800 for a two-year insurance policy
(c.) Performed a service and immediately collected $600
(d.) Paid the monthly utility bill, $200
(e.) Paid one-half of the amount owed for the supplies purchased in (a) above
(f.) Performed a service and billed the customer $800
(g.) Borrowed $1,000 by signing a note payable 
(h.) Received the amount owed from the customer of (f) above