CON 3-1 (Algo) Accounting for Operating Activities in a New Business (the Accounting Cycle) LO3-4, 3-5, 3-6 Penny's Pool Service & Supply, Inc. (PPSS) had the following transactions related to operating the business in its first year's busiest quarter ended September 30:

a. Placed and paid for $2,590 in advertisements with several area newspapers (including the online versions), all of which ran in the newspapers during the quarter.
b. Cleaned pools for customers for $18,200, receiving $15,000 in cash with the rest owed by customers who will pay when billed in October.
c. Paid Pool Corporation, Inc., a pool supply wholesaler, $10,500 for inventory received by PPSS in May.
d. As an incentive to maintain customer loyalty, PPSS offered customers a discount for prepaying next year’s pool cleaning service. PPSS received $9,900 from customers who took advantage of the discount.
e. Paid the office receptionist $4,500, with $1,350 owed from work in the prior quarter and the rest from work in the current quarter. Last quarter’s amount was recorded as an expense and a liability, Wages Payable.
f. Had the company van repaired, paying $200 to the mechanic.
g. Paid $200 for phone, water, and electric utilities used during the quarter.
h. Received $130 cash in interest earned during the current quarter on short-term investments.
i. Received a property tax bill for $400 for use of the land and building in the quarter; the bill will be paid next quarter.
j. Paid $1,600 for the next quarter’s insurance coverage.

Required:
1. Prepare journal entries FOR ALL THE ABOVE transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)