Scandinavian Spas has added items such as gift certificates to keep up with competition. They have also advertised more and made changes to keep the business thriving in the long term. Here are some transactions that occurred in the month of May May Paid $4,000 cash for an insurance policy that covers the period from June 1 until May 31 next year. May 4 Ordered five new massage tables from Spa Supplies Unlimited for $350 each for future delivery. May 7 Provided $1,060 of spa services to customers on account. May 10 Purchased spa supplies for $1,000 on account. May 13 Received a bi11 for $95 for running an advertisement in the newspaper in May; bill was paid in cash, May 16 Paid one-quarter of the amount owed from May 10. May 18 Sold $2,400 of gift certificates to customers for cash. 57 May 20 Cbtained financing from the bank by signing 16,500 note payable. May 22 Received two of the massage tables ordered on May 4 and paid cash for the two tables, Required: For each of the transactions, prepare journal entries using the date of the transaction as the reference. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet 1 2 5 07 Paid $4,000 cash for an insurance policy that covers the period from June 1 until May 31 next year. Record the transaction. Note: Enter debits before credits Date May 01 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 4 5 6 7 8 9 Ordered five new massage tables from Spa Supplies Unlimited for $350 each for future delivery. Record the transaction. Note: Enter debits before credits Date May 041 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 2 3 4 5 6 7 B Provided $1,060 of spa services to customers on account. Record the transaction. Note: Enter debits before credits Date May 07 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 5 6 7 9 Purchased spa supplies for $1,000 on account. Note: Enter debits before credits. Date May 10 General Journal Debit Credit View general journal Record entry Clear entry Suomit Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Received a bill for $95 for running an advertisement in the newspaper in May; bill was paid in cash. Record the transaction. Note: Enter debits before credits. Date May 13 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet > 1 2 3 4 5 7 89 Paid one-quarter of the amount owed from May 10. Record the transaction. Note: Enter debits before credits. Date May 16 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet } < 1 2 3 4 5 6 7:17 8 9 Sold $2,400 of gift certificates to customers for cash. Record the transaction. Note: Enter debits before credits. Date May 19 General Journal Debit Credit View general journal Clear entry Record entry Journal entry worksheet 1 2 3 4 5 6 7 9 Obtained financing from the bank by signing a $6,500 note payable. Record the transaction. Note: Enter debits before credits. Date May 20 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet 1 3 4 5 6 7 8 Received two of the massage tables ordered on May 4 and paid cash for the two tables. Record the transaction. 03 Note: Enter debits before credits, General Journal Debit Credit Date May 22 View general journal Record entry Clear entry # Save & Exis Submit Scandinavian Spas has added items such as gift certificates to keep up with competition. They have also advertised more and made changes to keep the business thriving in the long term. Here are some transactions that occurred in the month of May. Hay 1 Paid $4,000 cash for an insurance policy that covers the period from June 1 until May 31 next year. May 4 Ordered five new massage tables from Spa Supplies Unlimited for $350 each for future delivery. May 7 Provided $1,060 of spa services to customers on account. May 10 Purchased spa supplies for $1,000 on account. May 13 Received a bill for $95 for running an advertisement in the newspaper in May; bill was paid in cash. May 16 Paid one-quarter of the amount owed from May 10. May 19 Sold $2,400 of gift certificates to customers for cash. May 28 Obtained financing from the bank by signing a $6, see note payable.. May 22 Received two of the massage tables ordered on May 4 and paid cash for the two tables. Required: For each of the transactions, prepare journal entries using the date of the transaction as the reference. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet < 2 6 7 8 9 Paid $4,000 cash for an insurance policy that covers the period from June 1 until May 31 next year. Record the transaction. Note: Enter debits before credits Date May 011 General Journal Debit Credit View general journal Record entry Clear entry Next> Journal entry worksheet < 1 2 4 5 6 7 8 9 Ordered five new massage tables from Spa Supplies Unlimited for $350 each for future delivery. Record the transaction. Note: Enter debits before credits Date May 04 General Journal Debit Credit View general journal Record entry Clear entry www. Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Provided $1,060 of spa services to customers on account. Record the transaction. Note: Enter debits before credits Date May 07 General Journal Debit Credit Record entry Clear entry View general journal < Prev 47 of 49 Next > Journal entry worksheet < 1 2 3 4 5 6 7 8 Purchased spa supplies for $1,000 on account. 02 Note: Enter debits before credits Date: May 10 General Journal Debit Credit Clear entry Record entry Journal entry worksheet < Saved 4 5 B 7 B 9 Received a bill for $95 for running an advertisement in the newspaper in May: bill was paid in cash. Record the transaction. 3.53 Note: Enter debits before credits Date May 13 General Journal Debit Credit Record entry Clear entry View general journal Prev 47 of 49 Next > Help Save & Ext Submit Journal entry worksheet D < 1 2 44 5 6 7 Paid one-quarter of the amount owed from May 10. Record the transaction. Note: Enter debits before credits. Date May 16 General Journal Debit Credit Record entry Clear entry View general journal < Prev 47 of 49 Next > Journal entry worksheet < 1 2 3 4 5 0 7 8 9 Sold $2,400 of gift certificates to customers for cash. Record the transaction. 033 381 Note: Enter debits before credits, Date May 19 General Journal Debit Credit Clear entry Record entry N View general journal < Prev 47 of 49 Next > ENG hal entry worksheet 2 3 5 6 7 8 9 Obtained financing from the bank by signing a $6,500 note payable. Record the transaction. 33:27 Note: Enter debits before credits. Date General Journal Debit Credit May 20 Record entry Clear entry View general journal < Prev 47 of 49 Next > ENG Journal entry worksheet 7 8 9 Received two of the massage tables ordered on May 4 and paid cash for the two tables. Record the transaction. 33:21 Note: Enter debits before credits Date May 22 General Journal Debit Credit Record entry Clear entry View general journal < Prev 47 of 49 Next >