Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial...

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Eli owns an insurance office, while Olivia operates a maintenance service that provides basic custodial duties. For the month of May, the following transactions occurred. May 2 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $150 May in advance. May 5 olivia provides naintenance services to Eli's insurance offices on account, $350. May 7 Eli borrows $350 from Olivia by signing a note. May 14 Olivio purchases maintenance supplies fron Spot corporation, paying cash of $125. May 19 Eli pays $350 to 0 livia for maintenance services provided on May 5 . May 25 Eli pays the utility bill for the month of May, $120. May 28 olivia receives insurance services from Eli equaling the amount paid on May 2. Required: Record each transaction for Eli's insurance Services. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 45678 Olivia decides that she will need insurance for a one-day special event at the end of the month and pays Eli $150 in advance. Note: Enter debits before credits. Journal entry worksheet \begin{tabular}{l|c|c|c|} \hline 1 & 6 & 7 & 8 \\ \hline OlviapurchasesmaintenancesuppliesfromSpotCorporation,payingcashof$125. \end{tabular} $125. Note: Enter debits before credits. Eli pays $350 to Olivia for money borrowed on May 7 . Note: Enter debits before credits. Journal entry worksheet 12345 Eli pays the utility bill for the month of May, $120. Note: Enter debits before credits. Journal entry worksheet Journal entry worksheet Olivia provides maintenance services to Eli's insurance offices on account, $350. Note: Enter debits before credits. Journal entry worksheet Eli pays $350 to Olivia for maintenance services provided on May 5 . Note: Enter debits before credits. Olivia receives insurance services from Eli equaling the amount paid on May 2. Note: Enter debits before credits

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