May 1 12,300 12,300 5 210 210 7 410 410 9 1,230 1,230 Cash Unearned Service Revenue (Issued common stock in exchange for $12,300 cash) Cash Service Revenue (Received $210 cash for lesson fees) Cash Service Revenue (Received $410 for boarding of horses beginning June 1) Supplies Expense Cash (Purchased estimated 5 months' supply of feed and hay for $1,230 on account) Equipment Cash (Purchased desk and other office equipment for $ 700 cash) Salaries and Wages Expense Cash (Issued check to Elizabeth Morrow for personal use) Cash Service Revenue (Received $126 cash for riding fees) Maintenance and Repairs Expense Accounts Receivable (Received bill of $60 from carpenter for repair services performed) 14 70 700 15 330 330 20 117 126 31 60 60 For each journal entry that is incorrect, prepare the entry that should have been made by the bookkeeper. (Credit accounts are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Date Account Titles and Explanation Mari & Cash Credit 12300 Common Stock 12.300 May 7 Cash 410 Uneamed Service Revenue 10 May Supplies 1230 Accounts Payable May 14 quipment 200 Cash