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2022 May 1 Cash 29,500 Common Stock 29,500 (Stockholders invested cash in business) 4 Equipment 58,000 Cash Notes Payable 49,000 (Paid cash and issued 2-year,
2022 May 1 Cash 29,500 Common Stock 29,500 (Stockholders invested cash in business) 4 Equipment 58,000 Cash Notes Payable 49,000 (Paid cash and issued 2-year, 6\%, note for delivery trucks) 8 Rent Expense 1,250 Cash 1,250 (Paid May rent) 15 Prepaid insurance 1,200 Cash 1,200 (Paid one-year liability insurance) 18 Cash 5,700 Service Revenue 5,700 (Received cash for delivery services) 20 Salaries and Wages Expense 650 650 Cash (Paid salaries for current period) 25 Utilities Expense 150 Accounts Payable 150 (Received a bill for May utilities) 30 Dividends. 700 Cash 700 (Paid dividends) 30 Accounts Receivable 1,100 Service Revenue 1.100 (Billed customer for delivery service) Prepare a trial balance
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