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Transactions for Sheridan Company for the month of May are presented below. Prepare journal entries for each of these transactions. (If no entry is

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Transactions for Sheridan Company 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 O 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 3 B.D. invests $4,350 cash in exchange for common stock to start his welding business, Sheridan Company. Buys equipment on account for $1,055. 4 13 Pays $394 to landlord for May rent. 21 Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.) Date Account Titles and Explanation Debit Credit

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