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Exercise 2 (10 points) Kuwait Engineering Consultants had the following transactions during May 2017 All amounts in KD (Kuwaiti Dinar) 1. Purchase of office supplies

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Exercise 2 (10 points) Kuwait Engineering Consultants had the following transactions during May 2017 All amounts in KD (Kuwaiti Dinar) 1. Purchase of office supplies on account, 600 2. Performed services to customers and received cash, 30,500. 3. Paid rent for the month, 500. 4. Received 1,000 from a customer for services to be performed in June 2017 5. Paid incurred salaries, 6,200 Required: 1. Journalize the above transactions. (5 points) 2. Post the journal entries to the T-accounts. (5 points)

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