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2-4B Record transactions (LO2-4) 12.5 points eBook Print References Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed 2-4B Record transactions (LO2-4) 12.5 points eBook Print References Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays E11 $140 in advance. May 5 Olivia provides maintenance services to Eli's insurance offices on account, $345. May 7 Eli borrows $340 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $120. May 19 E11 pays $345 to Olivia for maintenance services provided on May 5. May 25 Ell pays the utility bill for the month of May, $119. May 28 Olivia receives insurance services from Ell equaling the amount paid on May 2. May 31 El pays $340 to olivia for money borrowed on May 7. Required: Record each transaction for Eli's insurance Services. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet

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