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On May 12 th, the journal entry included CR Accounts Payable CR Dividends DR Dividends DR Cash Question 6 1pts On May 15th, the journal entry included: DR Revenue DR Accounts Receivable CR Cash CR Accounts Receivable - Create T-accounts for the following: 1. Cash - 2. Accounts Receivable - 3. Supplies - 4. Equipment - 5. Accounts Payable - 6. Notes Payable - 7. Common Stock - 8. Dividends - 9. Revenue - 10. Rent Expense - 11. Advertising Expense 12. Salaries \& Wages Expense - 13. Utilities Expense - For each T-account: 1. Identify the account as an Asset, Liability, Common Stock, Dividend, Revenue or Expense 2. Mark the Debit and the Credit as either a + or - Question 3 1pts On May 3, the correct journal entry is: DR Supplies; CR Cash DR Supplies; CR Accounts Payable DR Supplies; CR Accounts Receivable DRAccounts Payable; CR Supplies Question 4 1pts On May 9th, the journal entry included: CR Cash DR Revenue CR Revenue DR Accounts Receivable At the end of the month, the ending cash balance was: $18,270DR $15,270DR $15,270CR $18,270CR Question 10 The ending DR \& CR balances on the Trial Balance was: $18,270 - Prepare properly formatted General Journal Entries with Explanations and Post to the T-accounts. May 1 Stockholders invested $15,000 cash in the business in exchange for common stock. 2 Paid $600 for office rent for the month. 3 Purchased $500 of supplies on account. - (Accounts Receivable OR Accounts Payable) 5 Paid $150 to advertise in the County News. 9 Received $1,400 cash for services performed. 12 Paid $200 cash dividend. 15 Performed $4,200 of services on account. 17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,200 for services performed on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased office equipment for $2,000 paying $200 in cash and the balance on account 30 Paid $180 for utilities On May 20 th, the journal entry included: CR Accounts Receivable CRAccounts Payable DR Accounts Receivable DR Accounts Payable Question 8 On May 23 rd, the journal entry included: CR Accounts Payable DR Accounts Receivable CR Accounts Receivable DRAccounts Payable On May 1, the journal entry included a: Debit to Common Stock Debit to Cash Credit to Revenue Credit to Cash Question 2 1 pts The correct May 2 journal entry was: DR Prepaid Rent, CR Rent Expense DR Cash, CR Prepaid Rent DR Cash, CR Rent Expense DR Rent Expense, CR Cash

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