Journalizing transactions

Texas Sales Consultants completed the following transactions during the latter part of January:

4

Jan22

Performed service for customers on account, $8,000.

30

Received cash on account from customers, $7,000.

31

Received a utility bill, $180, which will be paid during February.

31

Paid monthly salary to salesman, $2,000.

31

Paid advertising expense of $700.

Requirement

1. Journalize the transactions of Texas Sales Consultants. Include an explanation with each journal entry