1. 2-M MASTERY PROBLEM (L04, 5), pp. 53-54 (STATIC) QUESTION ASSETS Account Titles Transactions Cash Accounts Receivable-Lee Chen Accounts Receivable-Parker McCure Supplies Prepaid Insurance Accounts Payable-West End Supplies Accounts Payable-Sullivan Supplies Sadie Dirks, Capital Sadie Dirks, Drawing Sales Advertising Expense Miscellaneous Expense Rent Expense Repair Expense Utilities Expense Gardens Plus uses the listed accounts. The T accounts have been prepared for you. Analyze each transaction into its debit and credit parts. Enter the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Enter the date of the transactions before each amount. (Hint: You must enter the transactions in the order in which they are listed.) 1. 2-M MASTERY PROBLEM (L04, 5), pp. 53-54 (STATIC) QUESTION ASSETS Account Titles Transactions May 1. Received cash from owner as an investment, $3,700.00. 2. Paid cash for rent, $600.00 4. Paid cash for supplies, $400.00. 4. Received cash from sales, $950.00. 5. Paid cash for insurance, $375.00. 8. Sold services on account to Lee Chen, $800.00. 9. Bought supplies on account from Sullivan Supplies, $300.00. 10. Paid cash for repairs, $85.00. 11. Received cash from owner as an investment, $2,900.00. 11. Received cash from sales, $1,000.00. 12. Bought supplies on account from West End Supplies, $230.00. 13. Received cash on account from Lee Chen, $650.00. 15. Paid cash for miscellaneous expense, $35.00. 16. Paid cash on account to Sullivan Supplies, $80.00. 22. Paid cash for electric bill (utilities expense), $85.00. 23. Paid cash for advertising, $105.00. 25. Sold services on account to Parker McCure, $550.00. 28. Paid cash to owner for personal use, $500.00. 30. Received cash on account from Parker McCure, $300.00. Gardens Plus uses the listed accounts. The T accounts have been prepared for you. Analyze each transaction into its debit and credit parts. Enter the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Enter the date of the transactions before each amount. (Hint: You must enter the transactions in the order in which they are listed.) Gardens Plus uses the listed accounts. The T accounts have been prepared for you. Analyze each transaction into its debit and credit parts. Enter the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Enter the date of the transactions before each amount. (Hint: You must enter the transactions in the order in which they are listed.) May Cash May May Accounts Receivable-Lee Chen May May Accounts Receivable-Parker McCure May May Supplies May May Prepaid Insurance May May Accounts Payable-West End Supplies May May Accounts Payable-Sullivan Supplies May May Sadie Dirks, Capital May May May Sadie Dirks, Drawing May Sales May May Advertising Expense May May Miscellaneous Expense May May Rent Expense May May Repair Expense May May Utilities Expense May