### Prepare journal entries to record the transactions

Assignment Help Financial Accounting
##### 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

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