Transaction AnalysisShawn Michael started a computer programming business Michael’s Programming Service Inc. For each transaction that follows indicate which account is debited and which account is credited.May 2Shawn Michael invested $10 000 in exchange for common stock.5Purchased a computer for $5 000 in cash.7Purchased supplies on credit for $600.19Received cash for programming services performed $1 000.22Received cash for programming services to be performed $1 200.25Paid the rent for May $1 300.31Billed a customer for programming services performed $500.DebitCreditMay 2SelectAccount ReceivableCashOffice EquipmentCommon StockSuppliesItem 1SelectAccounts PayableCashOffice EquipmentCommon StockSuppliesItem 25SelectAccounts PayableCashOffice EquipmentOffice Equipment ExpenseSuppliesItem 3SelectAccounts PayableAccounts ReceivableCashOffice EquipmentCommon StockItem 47SelectAccounts PayableAccounts ReceivableOffice EquipmentCommon StockSuppliesItem 5SelectAccounts PayableAccounts ReceivableCashCommon StockSuppliesItem 619SelectAccounts ReceivableCashProgramming Service RevenueCommon StockUnearned Programming Service RevenueItem 7SelectCashProgramming Service RevenueCommon StockSuppliesUnearned Programming Service RevenueItem 822SelectCashProgramming Service RevenueCommon StockSuppliesUnearned Programming Service RevenueItem 9SelectCashProgramming Service RevenueCommon StockSuppliesUnearned Programming Service RevenueItem 1025SelectAccounts PayableCashRent ExpenseRent RevenueSuppliesItem 11SelectAccounts PayableAccounts ReceivableCashRent ExpenseSuppliesItem 1231SelectAccounts PayableAccounts ReceivableProgramming Service RevenueSuppliesUnearned Programming Service RevenueItem 13SelectAccounts PayableAccounts ReceivableProgramming Service RevenueSuppliesUnearned Programming Service RevenueItem 14
