prepare the necessary journal entries of the transactions

Question 2. (80 points) Barkley Computer Service entered into the following transactions during May 2020. 1. Purchased computers for $20,000 on account. 2. Paid $4,000 cash for May rent on storage space. 3. Performed computer services for customers for $4,000 cash. 4. Shareholders invested $29,000 in the business in exchange for ordinary shares. 5. Paid Digital Equipment for the computers purchased in (1) above. 6. Incurred advertising expense for May of R$1,200 on account. Special Assignment (11.5%) b. GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT 1 Equipment 20,000 Accounts Payable 20,000