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May Transactions May 1 2 3 4 4 7 8 8 10 11 Received cash from owner as an investment, 518,000.00 R1 Paid cash for insurance, $600.00. C1. Bought supplies on account from SD Supply, 53,500.00 M1. Paid cash for one month's rent, $2,000.00. C2. Bought supplies on account from SD Supply, $500.00. M2. Paid cash on account to SD Supply, $3,500.00 C3. Paid cash for supplies, $200.00. C4. Received cash from sales, $1,500.00 T8 Sold services on account to MJ Company, S1,100.00 S1 Received cash on account from MJ Company, S550.00. R2 Paid cash to owner for personal use. $3,000.00 C5. Bought supplies on account from SD Supply, $700.00M3 Received cash from sales, 5950.00. T17. Sold services on account to MJ Company, S2,200.00. S2 Paid cash for postage (Miscellaneous Expense), 120.00, C6 Received cash on account from MJ Company, $550.00 R3 Paid cash for telephone bill, $125.00, C7 Received cash from sales, $800.00. T28 Received cash from sales, 5675.00. T31 14 15 17 17 18 23 25 28 31 CHART OF ACCOUNTS Landon Company General Ledger ASSETS REVENUE 410 Sales 110 Cash 120 Accounts Receivable-MJ Company 130 Supplies 140 Prepaid Insurance EXPENSES 510 Miscellaneous Expense 520 Rent Expense 530 Utilities Expense LIABILITIES 210 Accounts Payable-SD Supply EQUITY 310 Luke Landon Capital 320 Luke Landon, Drawing QUESTION ASSETS May Transactions COA May Transactions May 1 Received cash from owner as an investment, 518,000.00 R1 2 Paid cash for insurance, 360000 C1 3 Bought supplies on account from SD Supply, 53,500.00 M1 4 Paid cash for one month's rent, 52,000.00 C2 Bought supplies on account from SD Supply, 5500 00 M2 7 Paid cash on account to SD Supply, 53,500.00 C3 8 Paid cash for supplies, $200.00 C4 8 Received cash from sales. 1,500 00. T8 10 Sold Services on account to MJ Company, S1,100.00 S1 11 Received cash on account from MJ Company, 5550.00 R2 14 Paid cash to owner for personal use. $3,000.00 CS 15 Bought supplies on account from SD Supply, 5700 00 MO Received cash from sales, 5950 00 T17 17 Sold services on account to Mu Company, 52.200 00 S2 18 Paid cash for postage (Miscellaneous Expensel 5120 00 C6 23 Received cash on account from MJ Company $550 00 R3 25 Paid cash for telephone bil 512500 C7 28 Received cash from sales, 5800.00 T28 31 Received cash from sales, 5675 00 731 EPC 5 Type here to search Ch.3 Unit Test DATE ACCOUNT TITLE DOC NO POSTRE DEBIT CREDIT + 1 2 2 1 1 1 4 5 6 7 2 1 1 9 10 11 11 11 11 16 15 36 11 11 11 30 33 21 TE 10 33 2 FIL 26 21 DE 33 Type here to search O ME S Luke Landon owns a service business called Landon Company. Journalize the transactions completed during 2 of the journal. Source documents are abbreviated as follows: check, C; memorandum, M; receipt, R; sales PAGE PAGE 2 GENERAL JOURNAL DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 2 2 3 3 5 5 Type here to search O EPIC 6 210 Accounts Payable-SD Supply EQUITY 310 Luke Landon Capital 320 Luke Landon Drawing Luke Landon owns a service business catind Landon Company. Journalize the transactions completed during May of the current year. Use pages 1 and of the Journal. Source documents are abbreviated as follows: check memoranda, Morocco, R: sales vole, S: calculator tape T. PAGE 2 GENERAL JOURNAL ACCOUNT TITLE DOC NO POST IT BUT Save & Continue Continue without humo 2 EF Type here to search o