During the first month of operations, Johnson Services, Inc., completed the following transactions: (Click the icon to view the transaction data.) Read the requirements. Requirement 1. Record each transaction in the journal. Key each transaction by date. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries.) May 2: Johnson Services received $61,000 cash and issued common stock to the stockholders. Date May Journal Entry Accounts Debit Credit More info May 2 Johnson Services received $61,000 cash and issued common stock to the stockholders. May 3 May 3: Purchased supplies, $500, and equipment, $11,300, on account. (Prepare a single compound journal entry May 4 Purchased supplies, $500, and equipment, $11,300, on account. Performed services for a customer and received cash, $5,600. Journal Entry May 7 Paid cash to acquire land, $32,000. Date May Accounts Debit Credit May 11 Performed services for a customer and billed the customer, $3,900. Johnson expects to collect within one month. May 16 Paid for the equipment purchased May 3 on account. May 17 Paid for newspaper advertising, $540. May 4: Performed services for a customer and received cash, $5,600. Date May Journal Entry Accounts May 7: Paid cash to acquire land, $32,000. Date May Debit Credit Journal Entry Accounts Debit Credit May 18 Received partial payment from customer on account, $1,800. May 22 Received and paid the water and electricity bills, $370. May 29 Received $2,700 cash for servicing the heating unit of a customer. May 31 Paid employee salaries, $1,700. May 31 Declared and paid dividends of $1,600. Print Done - X