1. Prepare general journal entries to record these transactions. (Explanations
are not required.)
2. Posted the above items to the ledger T-accounts.
3. Prepare a Trial Balance for Truman Services at May 31, 2020.
Truman Services organized and opened for business on May 1st. During the month
the company completed the following transactions:
On May 1, The company received an initial investment of $25,000 cash and $10,000 of
computer equipment for common stock.
On May 2, paid $600 cash for an insurance premium covering the next 12 months.
On May 3, paid $1,400 for May's rent.
On May 6, purchased office supplies for $1,500, on credit.
On May 7, The company made its first sale to a customer and collected $3,000 cash.
On May 15, company makes sale to a second customer for $8,000 and sends a bill.
On May 18, company paid $1,000 cash to partially satisfy item recorded on May 6.
On May 30, company paid $6,000 cash in salaries to staff.
On May 31, company paid a $1,000 cash dividend.

6 5 X ACC 2010_Homework Make-Up_FA20-Truman - D (2) - Excel ACROBAT Tell me what you want to do... File Home Insert Page Layout Formulas Data Review View Tolulope Oloyede01 & Share >! Calibri 11 AutoSum - A Wrap Text General * Cut LE Copy Format Painter AY O RA H Insert Delete Format Fill Paste BIU, A EES Merge & Center $ %, 0.000 .00 0 Conditional Format as Cell Formatting Table Styles Styles Clear Sort & Find & Filter - Select Editing Clipboard Font Alignment Number Cells N184 X f B F F G H 1 J J L M N P Q R R T U X Y z z AB AC AD AE AF AG E Name GENERAL JOURNAL 40 41 42 43 Account Titles and Explanation Debit Credit 44 45 46 47 Date 1-May 1- 48 2 50 51 3 52 53 54 6 7 15 16 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 30 31 Exam 1-second exam + Ready W @ + 60% i a x) W 2:16 PM 10/25/2020