Problem 2-4B Record transactions (LO2-4) 2 Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. olivia decides that she will need Insurance for a one-day special event at the end of the month and payo ni 5200 May in advance. s olivia provides maintenance services to Insurance offices on account, 5415. May 7 11 borrow $480 from Olivia by signing a note. Hay 14 Olivia purchases maintenance supplies from pot Corporation, paying cash of $150. May 19 El pays $415 to Olivia tor maintenance services provided on May 5. May 25 li paye the utility bill for the month of May. $133. May 28 Olivia receives Lnwurance services ton equaling the amount paid on May 2. May 31 til pays $410 to Ota for money borrowed on May 7. Required: Record each transaction for Ells insurance Services. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) nice View transaction list View journal entry worksheet No General Journal Debit Credit Date May 02 1 Cash 280 280 2 415 May 05 Repairs and Maintenance Expense Accounts Payable 415 480 May 07 Cash Notes Payable 480 4 May 14 No Journal Entry Required 5 May 10 Accounts Payable 415 Prev 1 of 4 Next > VA 1 y May 28 olivia receives Insurance services from all equaling the amount paid on May 2. May 31 Elpays $480 to Olivia for money borrowed on May 7. Required: Record each transaction for Ell's insurance Services. (if no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. General Journal Credit No Date May 02 Debit 280 1 Cash 280 415 2 May 05 Repairs and Maintenance Expense Accounts Payable 415 OO OO 480 3 May 07 Cash Notes Payable 480 2 4 May 14 No Journal Entry Required 5 May 19 Accounts Payable Cash 415 133 8 May 25 Ubilities Expense Cash so 133 280 7 May 28 280 8 480 May 31 Notes Payable Cash OO 480