1 2 1) May1, 2019 Business owner open Renovation& design company and invested $90,000 in business bank account 4 2) May1, 2019 Business bought supplies $1200, but the money will be paid in the future 6 3)May1, 2019 business paid a one year rent for $6,000 4) May2, 2019 Business bought a computer and a copier machine 9 for $19,000 paid in cash, the useful life of the machine is 5 years, residue value is $1,000 11 5) May3, 2019 business bought the floor materials required to complete 12 upcoming renovation Project#1 for $5500, paid in cash 114 15 6) May3, 2019 business use the 5 year auto financing $24,000 to purchase a truck 16 ( Loan annual interest rate is 10%, which will be paid at the end of 5 years with the principal and truck's useful life is 5 years) 17 19 7)May5, 2019 business signed a Project#1 $20,000 agreement. The project will be finished during 20 the month and hired a group of contractors to help the project#1 21 22 8)May7, 2019 business paid $1000 for the owing money from the purchase of the supplies in transaction 2) 24 9)May14, 2019 business paid the front desk employee $1,250 wages in cash 26 10)May15, 2019 business completed the project#1 and received the money $20,000 28 11) May16, 2019 business paid $5,000 to the contractors for help to complete the Project#1 30 12) May 16, 2019 business confirm $2,200 materials already been used for project#1 32 13) May 17, 2019 business complete the basement design service project#2 $7,800 for the customer. The money will 33 be received in the near future 34 35 14) May18, 2019 business owner withdrew $2,000 cash from the business bank acc 37 15) May28, 2019 business paid front employee wages again in cash 39 16) May30, 2019 received the utillity bill $850 for the electricity and energy used during the month paid in cash 42 17) May31, 2019 business found only $400 supplies left over there 44 18) May31, 2019 business need to record the current month rent expense since the business has been a tenant for the whole month of May 47 19) May31, 2019 Business need to record the used-up part of the equipment 49 20) May31, 2019 business need to record the used-up part of the truck 51 21) May31, 2019 business recorded the May interest expense of the above truck loan