This is a long one.

Transaction Analysis and Trial Balance James Green, electrical contractor, began business on May 1 . The following transactions occurred during the month of May: Green invested $15,500 of his personal funds in the business in exchange for common stock. Purchased equipment on account, $4,200. Returned $1,500 of equipment that was not satisfactory. The return reduced the amount owed to the supplier. Purchased supplies on account, $860. Purchased a truck for $9,500. Green paid $6,000 cash and gave a note payable for the balance. Paid rent for May, $875. Paid fuel cost for truck, $90. Billed customers for services rendered, $13,700. mummmeA 9 Paid $2,500 on account for the equipment purchased on May 2. 10 Paid utilities for May, $210. 11 Received invoice for May advertising, to be paid injune, $350. 12 Paid employee wages, $3,350. 13 Collected $8,600 on accounts receivable. 14 Paid stockholders $2,000 cash as a dividend. 15 Paid interest for May on an outstanding note payable, $30. Required a. Prepare journal entries and record the above transactions in T-accounts, and key entries with the numbers of the transactions. The following accounts will be needed to record the transactions for May: Cash; Accounts Receivable; Supplies; Equipment; Truck; Accounts Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Rent Expense; Wages Expense; Utilities Expense; Truck Expense; Advertising Expense; and Interest Expense. b. Prepare a trial balance as of May 31. Journal Entries T-Accounts Trial Balance General Journal Date Description Debit Credit (1 ) 0 0 To record issuance of common stock. (2) 6 0 0 0 0 To record purchase of equipment on account. (3) c 0 0 0 0 To record return of equipment on account. (4) 0 0 O O General Journal Date Description Debit Credit (1) 0 0 0 To record issuance of common stock. (2) 0 O O O To record purchase of equipment on account. (3) 0 O 0 O To record return of equipment on account. (4) 0 O O O To record supplies purchased on account. (5) 0 Cash 0 D O 0 0 To record purchase of truck. (6) 0 o o To record payment for rent. (7) 0 O 0 O To record fuel expense for truck. (8) 0 O OTo record billings for service revenue. - (9) 0 0 To record payment of equipment purchased. - (10) _n To record payment of utilities expense. _ (11) _- To record invoice for advertising. _ (12) _m To record payment of salaries. _ (13) _- To record cash collected form customers. _ (14) _m To record payment of dividends. _ (15) _' To record payment of interest expense. Please answer all parts of the question. JAMES GREEN, ELECTRICAL CONTRACTOR Trial Balance May 31 Debit Credit Cash $ 0 $ O Accounts Receivable 0 0 Supplies Equipment Truck Accounts Payable Notes Payable Common Stock Dividends Service Revenue Rent Expense Utilities Expense Truck Expense Advertising Expense Interest Expense Wages Expense o o o o o o o o o O O O O Totals to 0 $ O Please answer all parts of the question.Cash Accounts Receivable Truck (1) O O (8) 0 (5) 0 ( 5 ) o o o o O OOO o o o o o O O O O O 0 0 13 ) 0 Bal 0 0 ( 6 ) Bal O 0 (7) Notes Payable (9) (5) 0 0 (10) Ba 0 0 (12) (13) (14) (15) Bal O O Accounts Payable Common Stock Interest Expense (2) 0 O (1) 0 0 (15) 0 0 (3) 0 O Ba 0 0 Bal 0 (4) O (9) O Service Revenue (11) O ooo (8) 0 0 Bal 0 0 Bal 0 0 Rent Expense Wage Expense Truck Expense (6) 0 (12) 0 0 (7) 0 0 Bal 0 0 Bal 0 Bal 0Rent Expense Wage Expense Supplies Dividends Please answer all parts ofthe