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Based on the following transactions record journal entries for the month of May, 2023: May 01. Started business with cash $15000, accounts receivable $4000
Based on the following transactions record journal entries for the month of May, 2023: May 01. Started business with cash $15000, accounts receivable $4000 & equipment $5000. 02. Paid office rent for the month, $1200. 05. Purchased office supplies on account $2100. 08. Services provided to clients but didn't make any bill $8150. 12. Paid cash to suppliers for previous credit purchase $2500. 17. Paid cash for renewal of a 6 months property insurance policy $750. 24. Paid cash from business for personal and family expenses $1500. 29. Recorded the cash receipt from services to patients $1720.
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