Sarah's Paralegal Services completed these transactions in February: a. Purchased office supplies on account, $300.b. Completed work for a client on credit, $500.c. Paid cash for the office supplies purchased in (a).d. Completed work for a client and received $800 cash.e. Received $500 cash for the work described in (b).f. Received $1,000 in advance from a client for services to be performed in March.Prepare journal entries to record the above transactions. Explanations are not necessary.
What will be an ideal response?
| a. | Office Supplies | 300 | ? |
| ? | Accounts Payable | ? | 300 |
| b. | Accounts Receivable | 500 | ? |
| ? | Services Revenue | ? | 500 |
| c. | Accounts Payable | 300 | ? |
| ? | Cash | ? | 300 |
| d. | Cash | 800 | ? |
| ? | Services Revenue | ? | 800 |
| e. | Cash | 500 | ? |
| ? | Accounts Receivable | ? | 500 |
| f. | Cash | 1,000 | ? |
| ? | Unearned Revenue | ? | 1,000 |
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