QUESTION 1 The ledger accounts given below, with an identification number for each, are used by David Company Instructions: Indicate the appropriate entries for the month of May by placing the appropriate identification number(s) in the debit and credit columns provided. 1. Cash 2. Accounts Receivable 3. Supplies 4. Prepaid Insurance 5. Prepaid Advertising 6. Equipment 7. Salaries Payable 8. Accounts Payable 9. Unearned Service Revenue 15. Advertising Expense 10. Notes Payable 11. Owner's Capital 12. Owner's Drawing 13. Service Revenue 14. Equipment Expense 16. 17. 18. Supplies Expense Rent Expense Salaries and Wages Expense Entry Account(s) Account(s) ite ite May 4 Equipment was purchased at a cost of $7,000; a three-month, 10% note payable was signed for this amount. 2. May 5 Paid a supplier $1,500 cash on account. 3. May 8 Paid S1,800 in cash to Sands Company for May rent 4. May 10 Purchased supplies for $2,500 cash. The supplies are expected to last through July 5. May 14 Paid S300 cash to the Times Daily News for advertisements run this past week 6. May 16 Billed customers $8,000 for services rendered Degree Level 1 Asia Pacific University of Technology and Innovation 201810