! Required information [The following information applies to the questions displayed below.] 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. May 2 May Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $180 in advance. 5 Olivia provides maintenance services to Eli's insurance offices on account, $365. May 7 Eli borrows $380 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $140. May 19 Eli pays $365 to Olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $123. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $380 to Olivia for money borrowed on May 7.