Question

Transactions for Cullumber Company 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 ac entered. Do not indent manually. Record journal entries in the order presented in the problem.) count titles are automatically indented when amount is May Stockholders invests $ 4.350 cash in exchange for common stock in a small welding corporation 3 Buys equipment on account for $ 1.055 13 Pays $ 394 to landlord for May rent 21 Bills Noble Corp.$ 530 for welding work done.(Use Service Revenue account)
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Answer #1
May 1 Cash 4350
      Common Stock 4350
May 3 Equipment 1055
      Accounts Payable 1055
May 13 Rent Expense 394
       Cash 394
May 21 Accounts Receivable 530
        Service Revenue 530
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