Donny Accounting provides accounting services. During the month of May 2022, the following transactions took place. May 1 Borrowed $6,000 cash from the bank. May 3 Provided services to a customer and received cash of $3,500. May 6 Purchased equipment for $4,000 cash. May 7 Paid salaries for the month with $1,790 cash. May 10 Provided services to a customer on account worth $5,920. May 11 Collected $1,060 cash from customers owing on account. May 13 Paid $420 cash to reduce the amount owed to a supplier. May 16 Paid a portion of the bank loan principle with $2,000 cash. May 21 Received the telephone bill for $140 which will be paid later. May 28 Received the maintenance bill for $2,260 which will be paid later. Prepare the

Answer rating: 100% (QA)

Donny Accounting May 2022 Transactions Transaction Date Debit Credit Cash May 1 6000 Notes Payable M... View the full answer