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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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