Mason's Restaurant and Catering is a sole proprietorship owned by Michael Mason.The business had the following transactions during the month of May.
May 1 Mason contributed cash in exchange for capital.
5 Paid monthly rent on the restaurant equipment, .
12 Purchased office supplies on account, .
15 Borrowed from the bank for business use.
26 Paid cash for a delivery van.
28 Paid on account.
29 The business received for catering services for a wedding on June 11 .
31 Revenues earned during the month included cash and on account.
Received the May utility bill for . The amount is due on June 10 and will be paid 31 on that date.
31 Paid employees' salaries ; restaurant rent and advertising for May .
Record a compound entry.
Received the bill for catering food and supplies used in May, .
31 The bill is due on June 15 and will be paid on that date
31 Michael Mason withdrew cash from the business for personal use. The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Delivery Van; Accounts Payable; Utilities Payable; Unearned Revenue; Notes Payable; Mason,Capital; Mason,Withdrawals; Service Revenue; Salaries Expense; Equipment Rent Expense; Restaurant Rent Expense; Utilities Expense; Catering Expense; and Advertising Expense.
Required: Journalize each transaction.Explanations are not needed.
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