Reference no: EM132824974

Blanch Bunny opened a printing business and completed the following transactions during May, 2022.

May 3

Blanch Bunny invested $85,000 cash and printing equipment with a $24,000 fair value in a business called Bunny Printing

May 5

Paid $1,400 for office supplies.

May 8

Paid $5,000 for the next four months of rent on the office.

May 12

Purchased $5,400 of new office furniture on credit

May 13

Provided services to a client and collected $4,500 immediately.

May15

Paid $850 for this month's advertising to announce the new business.

May 20

Completed $2,700 of service for a client. This amount is to be received in 45 days.

May 22

Paid $360 for this month's internet services.

May 25

Paid for the office furniture purchased on May 12.

May 29

Received $800 payment from the customer given credit on May 20,2022.

May 31

Blanch Bunny withdrew $790 from the business for personal use.

Instructions:

Problem 1: Record the above transactions in the General Journal data entry form provided.