Business, 01.02.2021 21:10 rafrod75

NN billed OTT for $960 of advertising services provided this month on account. OTT repaired some of NN’s equipment this month, for $211 on account. NN collected $960 cash from OTT for the advertising services provided in (a).NN paid $74 cash to OTT for OTT advertising NN’s online newspaper this month on OTT’s Website. OTT and NN signed a promissory note, documenting OTT’s $1,500 cash loan to NN this month with repayment to occur in six months. Required:Show the journal entries that OTT would record for items (a)–(e).Show the journal entries that NN would record for items (a)–(e).

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NN billed OTT for $960 of advertising services provided this month on account. OTT repaired some of...