Answer and Explanation:
The journal entries are shown below:
a. Cash Dr $625,000
To Short term note payable $625,000
(Being the borrowed amount is recorded)
b. Equipment Dr $26,000
To cash $26,000
(Being the equipment is purchased for cash)
c. Supplies Dr $10,700
To Account payable $10,700
(Being the purchased of supplies on account is recorded)
d. Repairs and maintenance expense $25,100
To Cash $25,100
(Being cash paid is recorded)
e. Cash Dr $77,750
To Unearned revenue $77,750
(Being the cash received is recorded)
f. Cash Dr $89,000
To Service revenue $89,000
(Being the cash received is recorded)
g. Cash Dr $600
To Unearned revenue $600
(Being the cash received is recorded)
h. Account payable Dr $5,350
To cash $5,350
(Being cash paid is recorded)
i. Salaries and wages expense $18,300
To Cash $18,300
(Being cash paid is recorded)
