Can someone help me journalize the transactions? No explanation is needed. E3-10

Question

Can someone help me journalize the transactions? No explanation is needed.

E3-10 The May transactions of Chulak Corporation were as follows. Paid $700 due for supplies previously purchased on account. 7 Performed advisory services on account for $6,800. 8 Purchased supplies for $850 on account. 9 Purchased equipment for $1,000 in cash. May 4 17 22 Paid employees $530 in cash. Received bill for equipment repairs of $900. 29 Paid $1,200 for 12 months of insurance policy. Coverage begins June 1 Instructions Journalize the transactions. Do not provide explanations

Explanation / Answer

Journal entry :

Date account and explanation debit credit may 4 Account payable 700     Cash 700 May 7 Account receivable 6800     Service revenue 6800 May 8 Supplies 850     Account payable 850 May 9 Equipment 1000     Cash 1000 May 17 Salary expense 530    Cash 530 May 22 Repairs expense 900      Repairs payable 900 May 29 Prepaid insurance 1200     Cash 1200

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