Transactions for Mehta Company for the month of May are presented below. Prepare journal entries for each of these transactions. (You may omit explanations.)
|
1 May |
B.D. Mehta invests $4,000 cash in exchange for common stock in a small welding corporation. |
|
3 |
Buys equipment on account for $1,100. |
|
13 |
Pays $400 to landlord for May rent. |
|
21 |
Bills Noble Corp. $500 for welding work done. |