Examine the following transactions and identify those that create revenues for Valdez Services, a company owned by Brina Valdez. Use T-accounts to record the transactions that create revenues. Explain why the other transactions did not create revenues.
a. Brina Valdez invests $39,350 cash in the business.
b. Provided $2,300 of services on credit.
c. Provided services to a client and immediately received $875 cash.
d. Received $10,200 cash from a client in payment for services to be provided next year.
e. Received $3,500 cash from a client in partial payment of an account receivable.
f. Borrowed $120,000 cash from the bank by signing a promissory note.
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