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Kauai Adventures rents and selis surfboards; snorkeling, and scuba equipment. During March, Kaual engaged in...

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Finance

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Kauai Adventures rents and selis surfboards; snorkeling, and scuba equipment. During March, Kaual engaged in the following transactions: March 2 Recelved \\( \\$ 44,800 \\) cash from customers for rental. 3 Purchased on credit five new surfooards (which Kauai classifies as inventory) for \\( \\$ 190 \\) each. 6 Paid wages to employees in the amount of \\( \\$ 7,800 \\). 9 Paid office rent for the month in the amount of \\( \\$ 2,100 \\). 12 Purchased a new Ford truck for \\( \\$ 16,500 \\); paid \\( \\$ 1,000 \\) down in cash and secured a loan from Princeville Bank for the \\( \\$ 15,500 \\) balance. 13 Collected a \\( \\$ 950 \\) account recelvable. 16 Paid an account payable in the amount of \\( \\$ 870 \\). 23 Borrowed \\( \\$ 15,000 \\) on a six-month, 8 percent note payable, 27 Pald the monthly telephone bill of \\( \\$ 145 \\). 30 Paid a monthly advertising bill of \\( \\$ 1,260 \\). Required: Prepare a journal entry for each of the above transactions. If an amount box does not require an entry, leave it blank.

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