Transactions for Waterway 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 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 B.D. Waterway invests 4,170 cash in exchange for ordinary shares to start his welding business. 3 Buys equipment on account for 1,027. 13. Pays 365 to landlord for May rent. 21 Bills Noble Corp. 510 for welding work done. (Use Service Revenue account.) Date May 1 v Account Titles and Explanation Share Capital-Ordinary Cash May 31 V Equipment Accounts Payable May 13 Rent Expense Cash Debit Credit