assessmentextion wley.com/starch 2700422 2016/11 e Midterm Exam 21 - October 9th ! Question 12 of 14 ./ 20 View Policies Current Attempt in Progress Cullumber Computer Corporation had the following opening account balances at the end of Agrit Cash $4.500 Accounts Receivable $6,500, Accounts Payable $2.500: Common Shares $5,000, and Retained Earnings $3.500. It entered into the following transactions during the month of May 1. 2 3 5 Purchased equipment on account for $7.600. Pald $ 1.100 for rent for the month of May. Provided computer services for $4,000 on account. Paid Ontario Hydro $400 cash for utilities used in May. Borrowed $20.100 from the bank. Paid supplier for equipment purchased in transaction 1 Purchased a one-year accident insurance policy for $500 cash Received $2.900 cash in partial payment of the account owed in transaction 3. Declared and paid $500 of dividends to shareholders. Paid income tax of $250 for the month Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts: Debit Credit