Lourdes Yabar opened a computer repair business on May 1, 20X1. During the first month of operations, the firm had the following transactions. May 1 Lourdes Yabar invested $21,000 cash in the business. 2 Issued Check 101 for $3,300 to pay the rent for the next 3 months. 3 Purchased supplies for $1,000. Paid with Check 102. 4 Bought equipment for $9,000. Issued Check 103 for $2,000 as a down payment; balance is due in 30 days. 6 Returned damaged supplies, and received a cash refund of $200. 12 Performed services for $900 on credit. 19 Issued Check 104 for $250 to pay for a newspaper advertisement. 26 Issued Check 105 for $350 to pay the monthly electric bill. 28 Performed services for $600 cash. 29 Received $400 on account from credit customers. 29 Issued Check 106 for $150 to pay the monthly telephone bill. 31 Issued Check 107 for $7,000 to pay a creditor. 31 Issued Check 108 for $2,500 to Lourdes Yabar for personal expenses. Prepare journal entries to record the above transactions. Post the transactions into the appropriate Cash general ledger account. Complete this question by entering your answers in the tabs below. General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Lourdes Yabar invested $21,000 cash in the business. Note: Enter debits before credits. Date General Journal Debit Credit May 01 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Issued Check 101 for $3,300 to pay the rent for the next 3 months. Note: Enter debits before credits. Date General Journal Debit Credit May 02 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Purchased supplies for $1,000. Paid with Check 102. Note: Enter debits before credits. Date General Journal Debit Credit May 03 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Bought equipment for $9,000. Issued Check 103 for $2,000 as a down payment; balance is due in 30 days. Note: Enter debits before credits. Date General Journal Debit Credit May 04 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Returned damaged supplies, and received a cash refund of $200. Note: Enter debits before credits. Date General Journal Debit Credit May 06 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Performed services for $900 on credit. Note: Enter debits before credits. Date General Journal Debit Credit May 12 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Issued Check 104 for $250 to pay for a newspaper advertisement. Note: Enter debits before credits. Date General Journal Debit Credit May 19 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Issued Check 105 for $350 to pay the monthly electric bill. Note: Enter debits before credits. Date General Journal Debit Credit May 26 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Performed services for $600 cash. Note: Enter debits before credits. Date General Journal Debit Credit May 28 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Received $400 on account from credit customers. Note: Enter debits before credits. Date General Journal Debit Credit May 29 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Issued Check 106 for $150 to pay the monthly telephone bill. Note: Enter debits before credits. Date General Journal Debit Credit May 29 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet Issued Check 107 for $7,000 to pay a creditor. Note: Enter debits before credits. Date General Journal Debit Credit May 31 Record entry Clear entry View general journal General Journal Ledger Accounts Prepare journal entries to record the above transactions. View transaction list Journal entry worksheet