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During the month of May 2021, Momas Repair Company engaged in the following transactions: May 1Paid the monthly rent on the building, $1,500. 5 Purchased
During the month of May 2021, Momas Repair Company engaged in the following transactions:
May
1Paid the monthly rent on the building, $1,500. 5 Purchased equipment on account for $6,000. 7Performed repair services on account for a customer, $400. 20 Collected $400 cash from the customer for the services performed on May 7.
25 Paid for the equipment that was purchased on May 5.
Required: Prepare dated journal entries to record these transactions.
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