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Prepare journal entries for the following transactions that occurred during 2017. May 1 Purchased equipment on account $500 2 Paid for the equipment purchased on

Prepare journal entries for the following transactions that occurred during 2017.

May 1 Purchased equipment on account $500

2 Paid for the equipment purchased on may1

3 Purchased supplies for the cats $100

4 Paid wages to employees $2,000

5 Performed services for a client and collected cash $750

6 Did work for a customer on credit $2,500

7 Collected the amount owing from the customer of may 6.

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