Mr. Mazin has decided to go into the insect extermination business and to operate as Mazin's Extermination Service. The following transactions were completed during the first month of operations, May, 2020. Prepare journal entries. 1 May 2 May 3 May 4 May 5 May 6 May 7 May 8 May 9 May 10 May 11 May 12 May 13 May 14 May Mazin invested OMR 35,000 cash in the business. Purchased extermination equipment for OMR 17,000 in cash. Bought OMR 300 office supplies on account. Down payment is OMR 50, remaining amount is due in 30 days. Purchased chemicals (expense) for OMR 1,100 from Low Glow Chem Co. on account An amount of OMR 3,000 was paid as advance rent for three months. Received OMR 1,600 revenue for extermination service. Received OMR 1,000 as an advance payment from customers for extermination services. Earned OMR 980 revenue for extermination service, on account. Sold services worth OMR 2,500 to customers on account. Paid for truck repairs, OMR 145. Paid OMR 600 to Low Glow Chem Co., for transaction on May 4. Paid OMR 131 for gas and oil for truck. Received OMR 1,400 cash revenue for extermination service. Received OMR 500 for services previously earned on account in transaction on May 8. Paid assistant's salary, OMR 200. Mazin invested van amounting OMR 12,000 in the business. Received and paid utility bill of OMR 125. Takes out a bank loan OMR 2,000 to renovate the new store. Received cash payment of OMR 800 from credit customers in May 9 transaction. Received telephone bill, OMR 120. Paid OMR 50 immediately and the remaining is deferred until next month. 15 May 16 May 17 May 18 May 19 May 20 May