Answer and Explanation:
The Journal entries are shown below:-
1. Rent expense Dr, $1,030
To cash $1,030
(Being cash paid is recorded)
2. Account receivable $120
To service revenue $120
(Being service revenue is recorded)
3. Cash $120
To Service revenue $120
(Being cash received is recorded)
4. Equipment Dr, $515
Cash Dr, $70
To Accounts payable $445
(Being cash received is recorded)
5. Cash Dr $120
To account receivable $120
(Being cash received is recorded)
6. Wage expense $450
To cash $450
(Being cash paid is recorded)
7. Utility expense Dr, $62
To cash $62
(Being cash paid is recorded)
8. Cash Dr, $1,290
To notes payable $1,290
(Being cash received is recorded)
9. Repair & maintenance Dr, $190
To cash $190
(Being cash paid is recorded)
10. Accounts payable Dr, $445
To cash $445
(Being cash paid is recorded)
11. Prepaid Insurance Dr, $1,550
To cash $1,550
(Being cash paid is recorded)
