Sample of a Journal 2) George Butdler owned a tugboat and was tired of his current job. He decided to open a business that provides day tugboa t tours to tourists along the Mississippi River near his hometown. Prepare journal entries to record the following transactions May Butler invested s20,000 cash and his tugboat valued at $90,000 in the business 6 1- 7 Entry # Account Titles & explanationas 8 9 1-May 10 Debits Credits Cash 12 2-May Budler paid $3,000 cash for office equipment to help him keep track of business acivities. Debits Credits 13 | Entry # Account Titles & explanationas 14 2-May 15 16 17 3-May 18 Entry # Account Titles & explanation as 19 20 21 22 4-May 25 Entry # Account Titles & explanationas 24 4.May 25 Butler bought boating supplies costing $2,500 on credit. Debits Credits 3-May Butler paid the river master $500 cash for the first month's dock rental Debits Credits