Transactions for Concord SE for the month of May are presented below. Prepare journal entries for each of these transactions. $($If no

entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when

amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

May $1$ B$.$D$.$ Concord invests $3,890$ cash in exchange for ordinary shares to start his welding business.

$3$ Buys equipment on account for $1,121.$

$13$ Pays $413$ to landlord for May rent.

$21$ Bills Noble Corp. $550$ for welding work done. $($Use Service Revenue account.$)$

Date

Account Titles and Explanation

Debit

Credit