The may transactions of hanschu corporation were as follows. may 4 paid $700 due for supplies previously purchased on account. may 7 performed advisory services on account for $6,800.may 8 purchased supplies for $850 on account. may 9 purchased equipment for $1,000 in cash. may 17 paid employees $530 in cash. may 22 received bill for equipment repairs of $900.may 29 paid $1,200 for 12 months of insurance policy. coverage begins june 1.journalize the transactions.

The Journal entries are as follows:

(i) On May 4,

Accounts payable A/c Dr. $700

     To cash                                   $700

(To record the supplies)

(ii) On May 7,

Accounts receivable A/c Dr. $6,800

     To service revenue                      $6,800

(To record the service revenue)

(iii) On May 8,

Supplies A/c  Dr. $850

  To accounts payable    $850

(To record the purchase of supplies on account)

(iv) On May 9,

Equipment A/c Dr. $1,000

  To cash                           $1,000

(To record the equipment purchased)

(v) On May 17,

Salary expense A/c Dr. $530

    To cash                              $530

(To record the salary expense)

(vi) On May 22,

Repair expense A/c Dr. $900

    To accounts payable           $900

(To record the repair expense)

(vii) On May 29,

Prepaid Insurance A/c Dr. $1,200

  To cash                                        $1,200

(To record the prepaid insurance)