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2. Using the attached T-account template, prepare the entries to recognize the following transactions. ABC Company, LLC, owned by a sole stockholder, began operations in May and completed the following transactions during that first month of operations. a. c. e. Using the attached T-account template, prepare the entries to recognize the following transactions. Label the entry "a" "b" etc. 5/1/20 The sole stockholder invested $90,000 cash in the company in exchange for common stock. b. 5/2/20 The company purchased $25,000 in office equipment. It paid $10,000 in cash and signed a note payable promising to pay the $15,000 over the next three years. 5/3/20 The company rented office space and paid $3,000 for the May rent. d. 5/6/20 The company installed new vinyl siding for a customer and immediately collected $5,000. 5/7/20 The company paid a supplier $2,000 for siding materials used on the May 6 job. f. 5/8/20 The company purchased a $2,500 copy machine for office use on credit. g. 5/9/20 The company completed work for additional customers on credit in the amount of $16,000. h. 5/15/20 The company paid its employees' salaries $2,300 for the first half of the month. i. 5/17/20 The company installed new siding for a customer and immediately collected $2,400. j. 5/20/20 The company received $10,000 in payments from the customers billed on May 9. k. 5/21/20 The company distributed dividends to the sole shareholder in the amount $4,500. 1. 5/28/20 The company paid $1,500 on the copy machine purchased on May 8. It will pay the remaining balance in June. m. 5/31/20 The company paid its employees' salaries $2,400 for the second half of the month. 5/31/20 The company paid a supplier $5,300 for siding materials used on the remaining jobs completed during May. 5/31/20 The company paid $450 for this month's utility bill. n. 0. No. 2 ASSETS LIABILITIES + EQUITY Non-current Assets Property, Plant & Equipment Intangible Assets/Other Current Liabilities Non-Current Liabilities Contributed Capital Accumulated OCI Current Assets Investments Earned Capital