Question: - -1. 2-M MASTERY PROBLEM (LO4, 5), pp. 53-54 QUESTION ASSETS Account Titles Transactions May 1. Received cash from owner as an investment, $3,900.00. 2.

- -1. 2-M MASTERY PROBLEM (LO4, 5), pp. 53-54 QUESTION ASSETS Account Titles Transactions May 1. Received cash from owner as an investment, $3,900.00. 2. Paid cash for rent, $630.00. 4. Paid cash for supplies, $420.00. 4. Received cash from sales, $955.00. 5. Paid cash for insurance, $385.00. B. Sold services on account to Lee Chen, $850.00. 9. Bought supplies on account from Sullivan Supplies, $301.00. 10 Paid cash for repairs, $89.00. 11. Received cash from owner as an investment, $2,975.00. 11. Received cash from sales, $1,005.00. 12. Bought supplies on account from West End Supplies, $250.00. 13. Received cash on account from Lee Chen, $670.00. 15. Paid cash for miscellaneous expense, $39.00. 16. Paid cash on account to Sullivan Supplies, $70.00. 22. Paid cash for electric bill (utilities expense), $70.00. 23. Paid cash for advertising. $130.00. 25 Sold services on account to Parker McCure, $575.00. 26 Paid cash to owner for personal use, $600.00. 30. Received cash on account from Parker MoCure, $350.00

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