166. The following is a list of accounts and identification letters A through J for Shannon Management Co.: A. Common Stock F. Prepaid Rent B. Interest Payable G. Advertising Expense C. Land H. Unearned Rent Revenue D. Dividends I. Commissions Earned E. Fees Earned J. Notes Receivable Use the form below to identify the type of account and its normal balance. The first item is filled in as an example. Type of Account Normal Balance Asset Liability Equity Debit Credit A. X X B. C. D. E. F. G. H. I. J. 167. Dolly Barton began Barton Office Services in October and during the month completed the following transactions: a. Invested $10,000 cash and $15,000 of computer equipment in exchange for common stock. b. Paid $500 cash for an insurance premium covering the next 12 months. c. Completed a word processing assignment for a customer and collected $1,000 cash. d. Paid $200 cash for office supplies. e. Paid $2,000 for October's rent. Prepare journal entries to record the above transactions. Explanations are unnecessary.

166. The following is a list of accounts and identification letters A through J for Shannon Management Co.: A. Common Stock F. Prepaid Rent B. Interest Payable G. ...

166. The following is a list of accounts and identification letters A through J for Shannon Management Co.:

Use the form below to identify the type of account and its normal balance. The first item is filled in as an example.

167. Dolly Barton began Barton Office Services in October and during the month completed the following transactions:

a. Invested $10,000 cash and $15,000 of computer equipment in exchange for common stock.

b. Paid $500 cash for an insurance premium covering the next 12 months.

c. Completed a word processing assignment for a customer and collected $1,000 cash.

d. Paid $200 cash for office supplies.

e. Paid $2,000 for October's rent.

Prepare journal entries to record the above transactions. Explanations are unnecessary.

May 15, 2022