journal entries

Name Henry Tan Transactions for May 1-May Pay payroll expense for the month of $12,000 3-May Pay Rent for month of $3,000 5-May Perform painting work for a customer and receive $10,000 cash 7-May Buy Computer Equipment on account for $8,500 8-May Collect $5,000 in cash from a customer for a prior month receivable 12-May Buy a year's worth of supplies on account for $3,500 15-May Sell shares of the company to a relative for $50,000 20-May Pay off $3,000 of the computer assets purchased on May 7 25-May Perform work for a customer for $10,000. the customer pays $6,000 and will pay the remainder next month. 28-May Buy a new truck for the business for $28,000, $5,000 down payment and signing a note for the remainder. Prepare Journals in the space below for the 10 transactions above Account Name Debit Credit 1-Mayl Petroll exensc 1 2000 LES 3-May Recessense 3000 5-May 7-May 8-May 12-May 15-May 1 20-May 1 25-May 28-May 11