we need the journal entries for the problem noted below. Theprevious answer were balancesnthat were provided in the text:Journal entires needed: stead of continuing to share office spacewith a local real estate agency, Pat decided to rent office spacenear a local music store. Paid rent for July, $1,800. 1. Paid apremium of $2,700 for a comprehensive insurance policy coveringliability, theft, and fire. The policy covers a one-year period. 2.Received $1,250 on account. 3. On behalf of PS Music, Pat signed acontract with a local radio station, WHBD, to provide guest spotsfor the next three months. The contract requires PS Music toprovide a guest disc jockey for 80 hours per month for a monthlyfee of $3,600. Any additional hours beyond 80 will be billed toWHBD at $40 per hour. In accordance with the contract, Pat received$7,200 from WHBD as an advance payment for the first two months. 3.Paid $250 on account. 4. Paid an attorney $800 for reviewing theJuly 3rd contract with WHBD. (Record as Miscellaneous Expense.) 5.Purchased office equipment on account from One-Stop Office Mart,$6,000. 8. Paid for a newspaper advertisement, $200. 11. Received$900 for serving as a disc jockey for a party. 13. Paid $600 to alocal audio electronics store for rental of digital recordingequipment. 14. Paid wages of $1,200 to receptionist and part-timeassistant. Enter the following transactions on Page 2 of thetwo-column journal. 16. Received $2,100 for serving as a discjockey for a wedding reception. 18. Purchased supplies on account,$1,080. 21. Paid $620 to Upload Music for use of its current musicdemos in making various music sets. 22. Paid $800 to a local radiostation to advertise the services of PS Music twice daily for theremainder of July. 23. Served as disc jockey for a party for$2,500. Received $750, with the remainder due August 4, 2012. 27.Paid electric bill, $760. 28. Paid wages of $1,200 to receptionistand part-time assistant. 29. Paid miscellaneous expenses, $370. 30.Served as a disc jockey for a charity ball for $1,800. Received$400, with the remainder due on August 9, 2012. 31. Received $2,800for serving as a disc jockey for a party. 31. Paid $1,400 royalties(music expense) to National Music Clearing for use of variousartists' music during July. 31. Withdrew $1,500 cash from PS Musicfor personal use.
we need the journal entries for the problem noted below. Theprevious answer were balancesnthat were provided in the text:Journal entires needed: stead of continuing to share office spacewith a local real estate agency, Pat decided to rent office spacenear a local music store. Paid rent for July, $1,800. 1. Paid apremium of $2,700 for a comprehensive insurance policy coveringliability, theft, and fire. The policy covers a one-year period. 2.Received $1,250 on account. 3. On behalf of PS Music, Pat signed acontract with a local radio station, WHBD, to provide guest spotsfor the next three months. The contract requires PS Music toprovide a guest disc jockey for 80 hours per month for a monthlyfee of $3,600. Any additional hours beyond 80 will be billed toWHBD at $40 per hour. In accordance with the contract, Pat received$7,200 from WHBD as an advance payment for the first two months. 3.Paid $250 on account. 4. Paid an attorney $800 for reviewing theJuly 3rd contract with WHBD. (Record as Miscellaneous Expense.) 5.Purchased office equipment on account from One-Stop Office Mart,$6,000. 8. Paid for a newspaper advertisement, $200. 11. Received$900 for serving as a disc jockey for a party. 13. Paid $600 to alocal audio electronics store for rental of digital recordingequipment. 14. Paid wages of $1,200 to receptionist and part-timeassistant. Enter the following transactions on Page 2 of thetwo-column journal. 16. Received $2,100 for serving as a discjockey for a wedding reception. 18. Purchased supplies on account,$1,080. 21. Paid $620 to Upload Music for use of its current musicdemos in making various music sets. 22. Paid $800 to a local radiostation to advertise the services of PS Music twice daily for theremainder of July. 23. Served as disc jockey for a party for$2,500. Received $750, with the remainder due August 4, 2012. 27.Paid electric bill, $760. 28. Paid wages of $1,200 to receptionistand part-time assistant. 29. Paid miscellaneous expenses, $370. 30.Served as a disc jockey for a charity ball for $1,800. Received$400, with the remainder due on August 9, 2012. 31. Received $2,800for serving as a disc jockey for a party. 31. Paid $1,400 royalties(music expense) to National Music Clearing for use of variousartists' music during July. 31. Withdrew $1,500 cash from PS Musicfor personal use.
