5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4: Paid $57,000 cash for building and land. The building had a fair market value of $45,000. Prepare a compound entry. Date Accounts and Explanation Debit Credit May 4 (11) (13) (14) (15) May 6: Performed services for customers and received cash, $3,600 Date Accounts and Explanation Debit Credit May 6 (16) May 9: Paid $350 on accounts payable Date Accounts and Explanation Debit Credit May 9 (21) (23) (25) May 17: Performed services for customers on account, $3,500. Date Accounts and Explanation Debit Credit May 17 (26) (29) (30) May 19: Paid rent expense for the month $1,200. Date Accounts and Explanation Debit Credit May 19 (32 Accounts and Explanation Debit Credit May 20 (36) May 21: Paid $900 for advertising in next month's IT Technology magazine Date Accounts and Explanation May 21 (41) Debit Credit (43) (45) May 23: Received $3,100 cash on account from a customer. Date Accounts and Explanation Debit Credit May 23 (46) (48) (49) (50) May 31: Incurred and paid salaries, $1,700. Date Accounts and Explanation Debit Credit May 31 (51) (52) (53) 4: More Info May 1 The business received cash of $105,000 and issued common stock to Zoe Wilke. 2 Purchased office supplies on account. $550. 4 Paid $57,000 cash for building and land. The building had a fair market value of $45,000 6 Performed services for customers and received cash, $3,600. 9 Paid $350 on accounts payable. 17 Performed services for customers on account, $3,500. 19 Paid rent expense for the month, $1,200. 20 Received $1,500 from customers for services to be performed next month. 21 Paid $900 for advertising in next month's IT Technology magazine. 23 Received $3,100 cash on account from a customer. 31 Incurred and paid salaries. $1,700. 5: Requirement Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Building; Land; Accounts Payable; Uneamed Revenue; Common Stock: Service Revenue; Rent Expense; and Salaries Expense. Unearned Revenue Uneamed Revenue (1) O O Accounts Payable Accounts Receivable O Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising O Rent Expense Salaries Expense Service Revenue (2) O Accounts Payable Accounts Receivable O Building O Cash O Prepaid Advertising Common Stock O Rent Expense Land Salaries Expense O Office Supplies Service Revenue Unearned Revenue Uneamed Revenue (3) O O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (4) O O Accounts Payable Accounts Receivable O Building Cash O Prepaid Advertising Common Stock O Rent Expense Land Salaries Expense Office Supplies Service Revenue (5) O O Collected cash for future services, Issued common stock in exchange for cash. Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. O Paid cash on account. O Performed services and received cash. O Performed services on account. O Purchased office supplies on account. O Received cash on account. Unearned Revenue Unearned Revenue (6) O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (7) O Accounts Payable Accounts Receivable O Building Cash O Prepaid Advertising Common Stock O Rent Expense Land O Salaries Expense Office Supplies Service Revenue Unearned Revenue Uneamed Revenue (8) O Accounts Payable O Accounts Receivable Building Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expenso Salaries Expense Service Revenue (9) O Accounts Payable O Accounts Receivable O Building O Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expenso Salaries Expense Service Revenue (10) O O Collected cash for future services. Issued common stock in exchange for cash. O Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. O Paid cash on account. O Performed services and received cash. O Performed services on account. O Purchased office supplies on account. Received cash on account. O Unearned Revenue (11) O Accounts Payable O Accounts Receivable Building O Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (12) O Accounts Payable O Accounts Receivable O Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising O Unearned Revenue Rent Expense Salaries Expense Service Revenue O Unearned Revenue O Unearned Revenue (13) O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (14) O Accounts Payable O Accounts Receivable O Building O Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (15) O O Paid cash expenses. Collected cash for future services. O Paid cash for building and land. Issued common stock in exchange for cash. O Paid cash on account. O Paid advertising in advance. O Performed services and received cash. O Performed services on account. Purchased office supplies on account. O Received cash on account. Unearned Revenue (16) O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land O Office Supplies Prepaid Advertising O Unearned Revenue Rent Expense O Salaries Expense Service Revenue (17) O O Accounts Payable O Accounts Receivable Building Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue Unearned Revenue (18) O O Cash Accounts Payable Common Stock O Accounts Receivable O Land O Building O Office Supplies O Prepaid Advertising O Unearned Revenue Rent Expense O Salaries Expense Service Revenue (19) O Accounts Payable O Accounts Receivable Building Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (20) O Paid cash expenses. Collected cash for future services. O Paid cash for building and land. Issued common stock in exchange for cash. O Paid cash on account. O Paid advertising in advance. O Performed services and received cash. O Performed services on account. Purchased office supplies on account. Received cash on account. Unearned Revenue Unearned Revenue (21) O O Accounts Payable Accounts Receivable Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (22) O O Accounts Payable Accounts Receivable Building Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue Unearned Revenue Unearned Revenue (23) O O Accounts Payable Accounts Receivable Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (24) O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (25) O O Paid cash expenses. Collected cash for future services. O Paid cash for building and land. Issued common stock in exchange for cash. O Paid cash on account. O Paid advertising in advance. O Performed services and received cash. O Performed services on account. O Purchased office supplies an account. Received cash on account. O Unearned Revenue O Unearned Revenue (26) O O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (27) O O Accounts Payable O Accounts Receivable O Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue O Unearned Revenue Unearned Revenue (28) O O Accounts Payable O Accounts Receivable O Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (29) O O Accounts Payable O Accounts Receivable O Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue (30) O O Paid cash expenses. O Collected cash for future services. O Paid cash for building and land. Issued common stock in exchange for cash. O Paid cash on account. O Paid advertising in advance. O Performed services and received cash. O Performed services on account. Purchased office supplies on account. O Received cash on account. Unearned Revenue Unearned Revenue (31) O Accounts Payable O Accounts Receivable Building O Cash Common Stock O Land Office Supplies Prepaid Advertising Rent Expense Salaries Expense Service Revenue (32) O O Accounts Payable O Accounts Receivable Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (33) O O Unearned Revenue Unearned Revenue Accounts Payable Accounts Receivable O Cash Common Stock Land O Prepaid Advertising Rent Expenso Salaries Expense Service Reus (34) O O Accounts Payable Accounts Receivable O Cash Common Stock Land O Prepaid Advertising Rent Expense Salaries Expense Building tfire Sunnie Bildir fire Sunne Service Ren (35) O Collected cash for future services. Issued common stock in exchange for cash. O Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. Pald cash on account. O Performed services and received cash. O Performed services on account. O Purchased office supplies an account. Received cash on account. O Unearned Revenue O Unearned Revenue (36) O O Accounts Payable O Accounts Receivable O Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salarles Expense Service Revenue (37) O O Accounts Payable O Accounts Receivable O Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salarles Expense Service Revenue Unearned Revenue (39) O Unearned Revenue (38) O Accounts Payable Accounts Receivable O Building O Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expense Salarles Expense Service Revenue Accounts Payable Accounts Recevable Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salarles Expense Service Revenue (40) O O Collected cash for future services. Issued common stock in exchange for cash. O Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. Pald cash on account. O Performed services and received cash. Performed services on account. O Purchased office supplies an account. Received cash on account. Unearned Revenue (42) O Unearned Revenue (41) O Accounts Payable O Accounts Receivable Building Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue Accounts Payable Accounts Receivable Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salarles Expense Service Revenue (43) O O Unearned Revenue Unearned Revenue Accounts Payable Accounts Receivable Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (44) O O Accounts Payable O Accounts Receivable O Building O Cash O Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (45) O O Collected cash for future services. Issued common stock in exchange for cash. O Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. Pald cash on account. O Performed services and received cash. O Performed services on account. Purchased office supplies an account. Received cash on account. (46) O Unearned Revenue Unearned Revenue Accounts Payable Accounts Receivable Building O Cash O Common Stock Land O Office Supplies Prepaid Advertising Rent Expense Salaries Expense Service Revenue (47) O Accounts Payable O Accounts Receivable Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense Salaries Expense Service Revenue P Unearned Revenue O Unearned Revenue (48) O Accounts Payable O Accounts Receivable Building O Cash Common Stock Land O Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue (49) O Accounts Payable O Accounts Receivable O Building O Cash O Prepaid Advertising O Common Stock O Rent Expense Land O Salaries Expense O Office Supplies Service Revenue (50) O O Paid cash expenses. O Collected cash for future services. O Paid cash for building and land. Issued common stock in exchange for cash. O Paid cash on account. O Paid advertising in advance. O Performed services and received cash. O Performed services on account. Purchased office supplies on account. Received cash on account. (51) O Unearned Revenue Unearned Revenue Accounts Payable O Accounts Receivable Building O Cash Common Stock Land Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense O Service Revenue (52) O Accounts Payable Accounts Receivable O Building O Cash O Common Stock Land Office Supplies O Prepaid Advertising Rent Expense O Salaries Expense Service Revenue Unearned Revenue (53) O Accounts Payable O Accounts Receivable Building O Cash O Prepaid Advertising O Common Stock O Rent Expense Land Salaries Expense O Office Supplies Service Revenue (54) O Accounts Payable O Accounts Receivable O Building O Cash O Prepaid Advertising O Unearned Revenue O Common Stock O Rent Expense Land O Salaries Expense Office Supplies Service Revenue (55) O Collected cash for future services. Issued common stock in exchange for cash. O Paid advertising in advance. O Paid cash expenses. O Paid cash for building and land. O Paid cash on account. O Performed services and received cash. Performed services on account. O Purchased office supplies on account. Received cash on account