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10:34 15 Manal's Company was started on May 1 2020. The following selected transactions occurred during May. May 1: Invested BD45,000 cash in the
10:34 15 Manal's Company was started on May 1 2020. The following selected transactions occurred during May. May 1: Invested BD45,000 cash in the business. May 5: Purchased equipment costing BD12,000 from Haya on account. May 7: Performed services to customer BD38,600 cash. May 16: Paid BD7,000 cash to creditor Haya. May 25: Completed services for BD14,500 to customer Ebrahim on credit May 27: Received BD 8,500 cash from debtor Ebrahim. May 29: Paid office rent BD900 cash. Required: Journal entry for May 25, should be: " (2 Points) Debit Account Receivable BD14,500 and Credit Services Revenues BD14,500 Debit Account Payable BD38600 and Credit Services Revenues BD38600 Debit Cash BD38600 and Credit Services Revenues BD38600
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