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The following transactions occurred for Wong Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Wong Technology Solutions. Include an explanation

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The following transactions occurred for Wong Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Wong Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising: Land: Building; Accounts Payable; Unearned Revenue; Wong, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1: The business received cash of $120,000 and gave capital to Zoe Wong. Date May 1 Accounts and Explanation Debit Credit More info May 1 The business received cash of $120,000 and gave capital to Zoe Wong. May 2 Purchased office supplies on account, $350. May 4 May 2: Purchased office supplies on account, $350. Paid $51,000 cash for building and land. The building had a fair market value of $41,000. May 6 Performed services for customers and received cash, $3,400. Date Accounts and Explanation Debit Credit May 9 May 2 May 17 May 19 May 20 May 21 May 23 May 4: Paid $51,000 cash for building and land. The building had a fair market value of $41,000. Prepare a compound entry. Date Accounts and Explanation Debit Credit May 31 Paid $250 on accounts payable. Performed services for customers on account, $2,900. Paid rent expense for the month, $1,400. Received $2,100 from customers for services to be performed next month. Paid $600 for advertising in next month's IT Technology magazine. Received $2,300 cash on account from a customer. Incurred and paid salaries, $900. May 4 Print Done The following transactions occurred for Wong Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Wong Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue: Wong, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 6: Performed services for customers and received cash, $3,400. Date May 6 Accounts and Explanation Debit Credit More info May 1 The business received cash of $120,000 and gave capital to Zoe Wong. May 2 Purchased office supplies on account, $350. May 4 May 9: Paid $250 on accounts payable. Date May 9 Paid $51,000 cash for building and land. The building had a fair market value of $41,000. May 6 Accounts and Explanation Performed services for customers and received cash, $3,400. Debit Credit May 9 Paid $250 on accounts payable. May 17 May 19 May 20 May 21 May 17: Performed services for customers on account, $2,900. Date May 17 Accounts and Explanation May 23 May 31 Performed services for customers on account, $2,900. Paid rent expense for the month, $1,400. Received $2,100 from customers for services to be performed next month. Paid $600 for advertising in next month's IT Technology magazine. Received $2,300 cash on account from a customer. Incurred and paid salaries, $900. Debit Credit Print Done - X The following transactions occurred for Wong Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Wong Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Wong, Capital; Service Revenue; Rent Expense; and Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 19: Paid rent expense for the month, $1,400. Date May 19 Accounts and Explanation Debit Credit May 20: Received $2,100 from customers for services to be performed next month. Date May 20 Accounts and Explanation May 21: Paid $600 for advertising in next month's IT Technology magazine. Date Accounts and Explanation May 21 More info May 1 The business received cash of $120,000 and gave capital to Zoe Wong. May 2 Purchased office supplies on account, $350. May 4 Paid $51,000 cash for building and land. The building had a fair market value of $41,000. May 6 Debit Credit May 9 May 17 May 19 May 20 May 21 May 23 May 31 Performed services for customers and received cash, $3,400. Paid $250 on accounts payable. Performed services for customers on account, $2,900. Paid rent expense for the month, $1,400. Received $2,100 from customers for services to be performed next month. Paid $600 for advertising in next month's IT Technology magazine. Received $2,300 cash on account from a customer. Incurred and paid salaries, $900. Debit Credit Print Done May 23: Received $2,300 cash on account from a customer. Date May 23 Accounts and Explanation May 31: Incurred and paid salaries, $900. Date May 31 Debit Credit Accounts and Explanation Debit Credit

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