Accounting Transactions 1. James invested 10.000 in Mc Douglas._On May 1" 2021 2. May 1st Mc Douglas Purchases supplies by paying $2.500 cash. 3. On May 1", Mc Douglas pays $2.400 cash for a 2-year insurance policy 4. May 4th Mc Douglas Purchases $1.100 of supplies and $6.000 of equipment on credit. Mc Douglas signs a promissory note, agreeing to pay for the $6.000 of equipment at a future date 5. On May 10th, Mc Douglas sets up the truck outside a concert facility before a sold-out venue and sells $2.200 worth of sandwich for a cash 6. On May 10th, Mc Douglas pays $1.000 cash for March rent. 7. On May 10th, Mc Douglas pays $700 cash for employee's salary for the pay period ending on March 8. On May 11th The accounting club at the local university and James sign a $2.700 contract that requires Mc Douglas to provide food for a group of graduating students. 9. On May 17th, Mc Douglas provided catering for a corporate event for $1.600 and taught a fresh Mexican cooking class for $300, The customer is billed $1.900 for the services and Mc Douglas expects to collect this money in the future. 10. On May 27, an amount of $1.900 is received from the customer in transaction 8 11. On May 27th, Mc Douglas pays Cadfood supply $900 cash towards the account payable of $1.100 owed form the purchase of supplies in transactions 3. 12. On May 28th James Withdraws $600 from Mc Douglas for personal living expenses 13. On May 29th, Mc Douglas enters into (Signs) a contract with a local advertising agency to provide food for its June 11th Friday (Social event). Mc Douglas receives $3.000 cash in advance of the event 14. On May 31st, Mc Douglas pays $230 cash for May internet/phone 15. On May 31st, Mc Douglas pays $700 cash for employee's salary for the Two-week pay period ending on May 28th Required 1. Analyze transactions 2. Journalize the August transaction 3. Prepare Ledger for Mc Douglas at May 2021 4. What is the value at the end of May 2021, in Assets, Liabilities and Equity