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Ell owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. , Olivia decides that she will need insurance for a one-day special event at the end of the month and pays May -Eli $290 in advance. 2 May 5 Olivia provides maintenance services to Eli's insurance offices on account, $420. May 7 Eli borrows $490 from Olivia by signing a note. May 14 Olivia purchases maintenance supplies from Spot Corporation, paying cash of $195. May 19 Eli pays $420 to Olivia for maintenance services provided on May 5. May 25 Eli pays the utility bill for the month of May, $134. May 28 Olivia receives insurance services from Eli equaling the amount paid on May 2. May 31 Eli pays $490 to Olivia for money borrowed on May 7. Required: Record each transaction for Eli's insurance Services. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $290 in advance. Note: Enter debits before credits. Date General Journal Debit Credit May 02 Record entry Clear entry View general journal

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