Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $77,900
To Common stock $77,900
(Being common stock issued is recorded)
2. No Journal Entry is required
3. Rent expense Dr, $2,400
To Cash $2,400
(Being rent paid is recorded)
4. Equipment Dr, $21,200
To Cash $4,700
To Accounts payable $16,500
(Being Purchase on equipment is recorded)
5. Advertisement expenses Dr, $2,500
To Cash $2,500
(Being paid on advertisement is recorded)
6. Repair and maintenance Dr, $500
To Accounts payable $500
(Being bill received on repairs is recorded)
7. Accounts receivable Dr, $3,800
To service revenue $3,800
(Being provided services is recorded)
8. Supplies Dr, $480
To Accounts payable $480
(Being supplies purchase on account is recorded)
9. Accounts payable Dr, $16,500
To Cash $16,500
(Being balance paid is recorded)
10. Utilities Expenses Dr, $175
To Cash $175
(Being utilities expenses is recorded)
11. Cash Dr, $3,800
To Accounts receivable $3,800
(Being cash is recorded)
12. Salaries and wages expenses Dr, $6,000
To Cash $6,000
(Being salaries and wages is recorded)
