Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred.
May 2 .................Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $200 in advance.
May 5 ................Olivia provides maintenance services to Eli's insurance offices on account, $375.
May 7 ..................Eli borrows $400 from Olivia by signing a note.
May 14 ................Olivia purchases maintenance supplies from Spot Corporation, paying cash of $150.
May 19 ................Eli pays $375 to Olivia for maintenance services provided on May 5.
May 25 ................Eli pays the utility bill for the month of May, $125.
May 28 ...............Olivia receives insurance services from Eli equaling the amount paid on May 2.
May 31 ................Eli pays $400 to Olivia for money borrowed on May 7.
Required:
Record each transaction for Eli's Insurance Services?