1) Prepare the Journal entries 5-31-11 ABC Company bought a tractor for $20,000. They paid for half of it in cash and are financing the rest. 5-31-11 Joe Smith, owner contributed $200,000 to ABC Company. 6-30-11 ABC Company paid an electric bill for $600 and Salaries of $1,000 07-05-11 ABC Company received a payment of $25,000 for work they will do later 08-31-11 ABC Company performed landscaping services in the amount of $90,000 but was only paid half. The rest will be paid next year 09.10.11 ABC Company paid rent for September 2011 October 2011, and December of 2011 in the amount of $1,000 per month. 09-15-11 ABC Company made a payment of $1,000 on the tractor they purchased on 5-31-11 10-11-11 ABC Company did half of the work they were paid for on 7.05-11 11-1-11 ABC Company received a payment of $20,000 for work they did on 8-31-11 cmpany