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Donny Accounting provides accounting services. During the month of May 2 0 2 2 , the following transactions took table [ [ May 1
Donny Accounting provides accounting services. During the month of May the following transactions took
tableMay Borrowed $ cash from the bank.May Provided services to a customer and received cash of $May Purchased equipment for $ cash.May Paid salaries for the month with $ cash.May Provided services to a customer on account worth $May Collected $ cash from customers owing on account.May Paid $ cash to reduce the amount owed to a supplier.May Paid a portion of the bank loan principle with $ cash.May Received the telephone bill for $ which will be paid later.May Received the maintenance bill for $ which will be paid later.
Prepare the journal entries for the above transactions.
Do not enter dollar signs or commas in theinput boxes.
tableDate Account Title and Explanation,Debit,Credit
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