The Mojito Computer Store had the following transactions in May 2018.

Required (5 points):

For each transaction, indicate in the space provided how much, if any, revenue or

expense should be recorded in May 2018.

a. Sold a computer to a customer in the amount of $2,100. Delivered the

computer in May. Customer paid in June 2018.

Amount of revenue to be recorded in May______________

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

June.

Amount of revenue to be recorded in May ______________

c. Paid $400 in sales commissions to sales persons related to sales that were

made in April 2018.

Amount of expense to be recorded in May ______________

d. Paid $2,400 in May for a 6-month insurance policy to cover the period from

May 1, 2018 - October 31, 2018.

Amount of expense to be recorded in May ______________

e. 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 ______________