1. The Mojito Computer Store had the following transactions in May 2019.

Required

For each transaction, indicate in the space provided how much, if any, revenue or expense should be recorded in May 2019.

1. Sold a computer to a customer in the amount of $2,100. Delivered the computer in May. Customer paid in June 2019.

Amount of revenue to be recorded in May______________

2. Collected $1,200 in May from a customer for a computer to be delivered in June.

Amount of revenue to be recorded in May ______________

3. Paid $400 in sales commissions to sales persons related to sales that were made in April 2019.

Amount of expense to be recorded in May ______________

4. Paid $2,400 in May for a 6-month insurance policy to cover the period from May 1, 2019 - October 31, 2019.

Amount of expense to be recorded in May ______________

5. Received an electric bill for May in the amount of $230. The bill is not due for payment until June 15.

Amount of expense to be recorded in May ______________