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5. 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 a 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:1. Examine the above transactions and identify those that create revenues. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
2. Prepare general journal entries to record those transactions that created revenues in the above given order.
[The following information applies to the questions displayed below.] 6-8Carmen Camry operates a consulting firm called Help Today, which began operations on August 1. On August 31, the company’s records show the following accounts and amounts for the month of August.

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