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Bruce lbach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020 May 1 Purchased new equipment, paying
Bruce lbach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2020 May 1 Purchased new equipment, paying cash of $14, zee and signing a 90-day note payable for the balance of $39, eee. 2 Purchased 12 months of insurance to begin May 2 paid $28,zee. 3 Completed a fitness contract for a group of clients today and received $6,700. 4 Purchased office supplies on account: $4, 100. 6 Returned to the supplier $820 of defective office supplies purchased on May 4. 19 Provided services to a client today on account: $12.2009 15 Paid for the May 4 punchase less the return of May 6. 20 Received payment from the client of May le. 25 Received cash of $3,200 from a client for work to be done ih June. 31 Paid month-end salaries of $54, e. 31 Paid the May telephone bill today cao. 31 Received the May electrical bill today Bee. It will be paid on June 15. Required: Prepare journal entries for each of the above transactions
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