= Homework: Chapter F:2 Homework Question 5, E < Pa The following transactions occurred for Wilke Technology Solutions: (Click the icon to view the transactions.) Read the requirement. (Record debits first, then credits. Select the explanation on the last line of the journ May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date May 1 Accounts and Explanation Debit Credit More info May 1 May 2 The business received cash of $105,000 and issued common stock to Zoe Wilke. Purchased office supplies on account, $550. May 4 May 6 Paid $57,000 cash for building and land. The building had a fair market value of $45,000. Performed services for customers and received cash, $3,600. May 9 Paid $350 on accounts payable. May 17 Performed services for customers on account, $3,500. May 19 Paid rent expense for the month, $1,200. May 20 Received $1,500 from customers for services to be performed next month. May 21 Paid $900 for advertising in next month's IT Technology magazine. May 23 Received $3,100 cash on account from a customer. May 31 Incurred and paid salaries, $1,700. Print Done