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Transactions: Transactions: ioperations for the year. The full balance is due in five years. b) On May 4, 20X1, Luxury pas purchased and received five

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Transactions: Transactions: ioperations for the year. The full balance is due in five years. b) On May 4, 20X1, Luxury pas purchased and received five new massage tables on account from Spa Supplies, LLC for $250 each. The balance owed to Spa Supplies, LLC for the purchase is due June 1, 20X1. c) IOn May 12, Luxury Spas provided $5,000 of spa services to customers on account. Payment from the customer is idue on May 20 th. d) On May 20, Luxury Spas received cash payments from their customers for the $5,000 of spa services that Luxury Spas provided on May 12 th. e) On May 25, Luxury Spas provided spa services of $7,000 to customers for a weekend event. The customers paid cash for the services on the day of the event (May 25th). f) fash for the services on the day of the event (May 25th). IOn May 31, Luxury Spas contracted with a local advertising agency to have the agency provide marketing services Ifor Luxury Spas throughout the month of June, 20X1. Luxury Spas paid $10,000 for the services on May 31, 201. B) On May 31, Luxury Spas massage therapists are due their wages for their work performed throughout the month lof May. Total wages owed to the workers from Luxury Spas is $8,400. Actual payment will be made on June 5 th isince the payroll company needs time to process payroll

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