Pete Miller started a painting business in May. Prepare journal entries to record the transactions during the month of May detailed

below. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit

entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Pete started the business by investing cash of $$9,200,$ equipment with a fair value of $$2,300,$ and painting supplies with a fair

value of $$380.$

Entered into a painting contract with a client for a total of $$1,150$ that provided a deposit of $$230$ prior to commencing any

work.

Purchased painting supplies for $$152$ on account.

Received cash of $$552$ for painting services provided.

Paid for one$-$year insurance in advance, $$1,104.$

Completed the painting contract in $(2)$ above and received the balance owing in cash of $$920.$

Paid cash of $$184$ from the business bank account for Pete's personal expenses.

Paid for the supplies purchase in $(3)$ above.

No$.$ Account Titles

Debit

Credit

Pete Miller started a painting business in May. Prepare journal entries to record the transactions during the month of May detailed below. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Pete started the business by investing cash of $$9,200,$ equipment with a fair value of $$2,300,$ and painting supplies with a fair

$1.$ value of $$380.$

Entered into a painting contract with a client for a total of $$1,150$ that provided a deposit of $$230$ prior to commencing any

$2.$ work.

$3.$ Purchased painting supplies for $$152$ on account.

$4.$ Received cash of $$552$ for painting services provided.

$5.$ Paid for one$-$year insurance in advance, $$1,104.$

$6.$ Completed the painting contract in $(2)$ above and received the balance owing in cash of $$920.$

$7.$ Paid cash of $$184$ from the business bank account for Pete's personal expenses.

$8.$ Paid for the supplies purchase in $(3)$ above.