Question 1 Cullumber Inc.'s general ledger at April 30, 2018, included the following: Cash $4,500; Supplies $400; Equipment $23,600; Accounts Payable $1,900; Unearned Revenue (from gift certificates) $900; Bank Loan Payable $9,300; Common Shares $4,800; and Retained Earnings $11,600. The following transactions occurred during May: May 1 Paid rent for the month of May, $900. * Paid $1,000 of the account payable outstanding at April 30. Issued gift certificates for future services for $1,300 cash. 15 Received $2,200 from customers for services performed to date. 15 Paid $1,300 in salaries to employees. 17 Customers receiving services worth $800 used gift certificates in payment. 18 Paid the remaining accounts payable from April 30. 22 Purchased supplies of $800 on account. 24 Received a bill for advertising for $400. This bill is due on June 22. 25 Received and paid a utilities bill for $300. 28 Received $2,300 from customers for services performed. 29 Customers receiving services worth $600 used gift certificates in payment. 30 Interest of $50 was paid on the bank loan. 31 Paid $1,100 in salaries to employees. 31 Paid income tax instalment for the month, $150. (a) Your answer is correct. Journalize the May transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) Dahit Credit Account Titles and Explanation May 1 Rent Expense 5900 Cash 5900 May 4 Accounts Payable $1,000 Cash $1,000 May 7 $1,300 Uneared Revenue $1,300 May 15 Cash $2.200 Service Revenue $2,200 (To recordshreceived from Account Titles and Explanation May 1 Rent Expense 5900 Cash $900 May 4 Accounts Payable $1.000 $1.000 May 7 Cash $1,300 Uneamed Revenue $1,300 May 15 cash $2,200 $2.200 Service Revenue To record cash received from comen) May 15 salaries Expense $1.300 $1,300 Cash (Toron payment of sales May 17 - Uneamed Revenue 5800 Service Revenue $300 Accounts Payable 5900 Cash $900 May 22 Supplies $800 Accounts Payable 5800 May 24 Advertising Expense 5400 Accounts Payable $400 May 25 utilities Expense $300 Cash $300 May 28 I Cash $2,300 Service Revenue $2,300 May 29" Uneamed Revenue 5600 Service Revenue $600 May 30 interest Expense $50 Cash $50 May 31 Salaries Expense $1,100 51.100 Cash To record payment of salaries) May 31 Income Tax Expense $150 $150 Cash To record payment of income) (b) Using T accounts, enter the beginning balances in the general ledger as at April 30 and post the May journal entries to the general ledger. (Post entries in the order presented in the problem.) Cash Supplies Equipment Accounts Payable Unearned Revenue Bank Loan Payable Common Shares Retained Earnings Service Revenue Unearned Revenue Bank Loan Payable Common Shares Retained Earnings Service Revenue Salaries Expense Rent Expense Advertising Expense Utilities Expense Interest Expense Income Tax Expense