Requirement 1. Record each transaction in the journal Key each transaction by date. Explanations are not required (Record debits first, then credits Exclude explanations from journal entries) May 2 Porier Services received $70,000 cash and issued common stock to the stockholders Journal Entry Date Accounts Debit Credit May May 3 Purchased supplies $600 and equipment $11,500, on account (Prepare a single compound journal entry) Journal Entry Date Accounts Debit Credit May Choose from any list or enter any number in the input fields and then continue to the next question Type here to search 0