Isaiah Alex Ltd. was started on May 1. A summary of May transactions is presented below.

1. Shareholders invested 10,000 cash in the business in exchange for ordinary shares.

2. Purchased equipment for 5,000 cash.

3. Paid 400 cash for May office rent.

4. Paid 500 cash for supplies.

5. Incurred 250 of advertising costs in the Beacon News on account.

6. Received 4,700 in cash from customers for repair service.

7. Declared and paid a 1,000 cash dividend.

8. Paid part-time employee salaries 1,000.

9. Paid utility bills of 140.

10. Provided repair service on account to customers 980.

11. Collected cash of 120 for services billed in transaction (10).

Required: Prepare the journals and post them to the ledger.