Following are transactions for Valdez Services, a company owned by B. Valdez.B. Valdez invested $20,000...
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Following are transactions for Valdez Services, a company owned by B Valdez.B Valdez invested $ cash in the company in exchange for common stock.The company provided services to a client and immediately received $ cash.The company received $ cash from a client in advance for services to be provided next year.The company received $ cash from a client in partial payment of accounts receivable.Prepare general journal entries for the above transactions of Valdez Services. Valdez invested $ cash in the company in exchange for common stock. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.
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