Need help recording these as journal entries for each transaction on this image.
The following transactions took place during the rst month of operations of Mother Molly's Childcare. Mother Molly's Childcare. furniture for use in the childcare facility. lies from a local ofce supply store on account. . - On May 1, Molly invests 1$50,000 to open - On May 2, the company spends $11,000 on . On May 2. the company purchases $1,450 of supp . On May 3. the company establishes a petty cash fund containing $400. - On May 12. the company purchases $350 of children's snacks on account. Mother Molly's Childcare treats this as a Miscellaneous Expense. . On May 13, the company purchases advertising in a local newspaper for $505 cash. - On May 15. the company determines that revenue for the rst half of the month totaled $7.350. Of this amount, $4.000 was paid in cash. while the remainder is owed. - On May 15, the company pays its employees. Gross wages for the rst half of the month totaled $3.000. Federal income tax withholding totaled $331\". state income tax withholding totaled $130. and life insurance premiums withheld totaled $65. . s... +hrte'n 0 id. - On May 1?. the company pays $800 of the previously owed amount from the May 2 purchase of supplies. - On May 10, the company receives $1.200 of the previously-owed amount from the revenue recorded on May 15. - On May 22. the company receives $2,000 cash from a custo services in advance. o On May 23. the life insurance premiums withheld on May 15 are remitted to the insurance company. - On May 24. the company replenishes its petty cash fund. from which $305 has been spent, The $305 total and $55 of miscellaneous expense. was comprised of $15? of supplies, $33 of postage. . On May 25, the company receives $1,325 of the previouslyowed amount from the revenue recorded on No single employee has. to date. reached the Social Security rner paying for the next two months of childcare . On May 29. the company pays $1,620 cash for monthly rent. - On May 30, the company pays cash of $220 for its telephone hill. - On May 30, the company pays cash of $315 for its utility (electric) bill. On May 30. the company pays its employees. Gross wages for the rst half of the month totaled $3.500. Federal income tax withholding totaled hholding totaled $156. and life insurance $330. state income tart wit premiums withheld totaled $70. _ -. No single employee has. to date. reached the Social Security tax, threshold. . - On May 31. the company determines that revenue for the second half of the month totaled $9.200. Of this amount, $1600 was paid in cash, while the remainder is owed. . On May 31. Molly Fahriaio withdraws $4.000 cash for personal use
