Below are recorded transactions of Yellow Jacket Corporation for August. Debit Credit1. Equipment........................................................ 8,800 Cash.............................................................. 8,8002. Accounts Receivable..................................... 3,200 Service Revenue....................................... 3,2003. Salaries Expense............................................ 1,900 Cash.............................................................. 1,9004. Cash................................................................... 1,500 Deferred Revenue.................................... 1,5005. Dividends.......................................................... 900 Cash.............................................................. 900Required:Provide an explanation for each transaction.
Below are recorded transactions of Yellow Jacket Corporation for August.
Debit Credit
1. Equipment........................................................ 8,800
Cash.............................................................. 8,800
2.
Service Revenue....................................... 3,200
3. Salaries Expense............................................ 1,900
Cash.............................................................. 1,900
4. Cash................................................................... 1,500
Deferred Revenue.................................... 1,500
5. Dividends.......................................................... 900
Cash.............................................................. 900
Required:
Provide an explanation for each transaction.
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