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.