K Question 40 of 53 View Policies Current Attempt in Progress Ayayai Computer had the following transactions during the month of May. Purchased equipment on account for $8,100. 2. Paid $1,600 for rent for the month of May. 3. Performed computer services for $3,500 on account. 4. Paid Buffalo Hydro $500 cash for utilities used in May. Borrowed $21,000 from the bank. Paid supplier for equipment purchased in transaction (1). Purchased a one-year insurance policy for $600 cash. Received $3,100 cash in partial payment of the account owed in transaction (3). Declared and paid $530 of dividends to stockholders. Paid incomes taxes of $240 for the month. 1 5. 6. 7. 8. 9. 10. -/10 III

Current Attempt in Progress Ayayai Computer had the following transactions during the month of May. 1. Purchased equipment on account for $8,100. 2. Paid $1,600 for rent for the month of May. 3. Performed computer services for $3,500 on account 4. Paid Buffalo Hydro $500 cash for utilities used in May. 5. Borrowed $21,000 from the bank. 6. Paid supplier for equipment purchased in transaction (1). 7. Purchased a one-year insurance policy for $600 cash. 8. Received $3,100 cash in partial payment of the account owed in transaction (3). 9. Declared and paid $530 of dividends to stockholders. 10. Paid incomes taxes of $240 for the month. Question 40 of 53 /10 6. 7. 8. 9. 10. Journalize the above transactions. Af no entry is requind, select "No Entry" for the ocoount tides and entar O for the amounts Creafit occount vieles ort automotloaly indented when amount is entered. Do not indent manually. Recond foumal entries in the order presented in the problem. Lit all debit entries before ondit entries]