Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez…

Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez…

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Following are transactions for Valdez Services, a company owned by Brina Valdez. a. Brina Valdez invested $39, 350 cash in the company in exchange for common stock. b. The company provided $2, 300 of services on credit. c. The company provided services to the client and immediately received $875 cash. d. The company received $10, 200 cash from a client in payment for services to be provided next year. e. The company received $3, 500 cash from a client in partial payment of an account receivable. f. The company borrowed $120,000 cash from the bank by signing a promissory note. Required: Examine the above transactions and identify those that create revenues. (You may select more than one answer. mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Transaction a. Transaction b. Transaction c. Transaction d. Transaction e. Prepare general journal entries to record those transactions that created revenues in the above given order.

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