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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.
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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