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Transactions for Skysong Company for the month of May are presented below. Prepare journal entries for...

Transactions for Skysong 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

May 1 B.D. invests $3,800 cash in exchange for common stock to start his welding business, Skysong Company.
3 Buys equipment on account for $1,086.
13 Pays $410 to landlord for May rent.
21 Bills Noble Corp. $500 for welding work done. (Use Service Revenue account.)
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Answer #1
May 1 Cash 3,800
      Common Stock 3,800
May 3 Equipment 1,086
      Accounts Payable 1,086
May 13 Rent Expense 410
       Cash 410
May 21 Accounts Receivable 500
        Service Revenue 500
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