Month of May

Date May-01 Collected $1900 cash from customer accounts receivable May-02 Purchased supplies on account that cost $360 May-07 Recorded services of catering to customers and cash receipts were $610 and invoices for services on account were $1800 May-08 The catering job was completed that was paid for in advance on April 9 May-10 Paid the utility company for the monthly utility bills that had been received in the previous month, $340 May-15 Paid $1800 cash for employee salaries May-15 Purchased a one-year insurance policy for $1200 on the refrigerator May-16 Paid $220 on the account payable that was established when supplies were purchased on May 2. May-20 Paid a $400cash dividend to the stockholders May-27 Received monthly utility bills amounting to $360. The bills would be paid in the month of June May-31 Recorded revenues to customers. Cash receipts were $900, and invoices for sales on account were $1400 May-31 Paid $1800 cash for employee salaries