Bell€™s company had the following transactions in the month of May.
May
2. Dee Bell transferred her personal car valued at $8,000 into the business. 

10. Did $4,000 of work for a customer on account. 

12. Collected $10,000 from a customer for work to be done in July 2017. 

15. Paid wages of $6,000.
16.Collected $4,000 from the customer of May 10. 

22. Paid $3,000 of the outstanding accounts payable.

Required
For each transaction, 

(1) complete the analysis, 

(2) determine the journal entry analysis,

(3) record the journal entry. 

Use the template below. The first transaction on May 2 has been completed for you.

Transcribed Image Text:

Assets increase. Equity increases. May 2 Analysis Journal entry Debit the Car account for $8,000. Credit the Dee Bell, Capital account for $8,000. analysis Journal Entry Date Account Titles and Explanation Credit Debit 8,000 May 2 Car Dee Bell, Capital 8,000 To record investment by owner. Continue... May 10