Q1: ABC Company. Was started on May 1. A summary of May transactions is presented below. 1st May, Shareholders invested $ 20,000 cash in exchange for ordinary shares. 3rd May, Paid $400 cash for May office rent. gth May, Purchased office equipment for $5,000 on account. 10th May, The company received $980 cash for services performed. 15th May, Paid a dividend $580 in cash to shareholders. Instructions: a. Journalize the transactions. b. Post to the appropriate ledger accounts ONLY for cash and Account Payable

Please answer A & B.