Transactions for Metha Company foir the month of May are presented below. Prepare journal entries for each of these transactions. (you may omit explanations.)
May 1. B.D. Metha invests $4,000 cash in exchange for common stock in a small welding corporation.
3. Buys equipment on account for $1,000
13. Pays $400 to landlord for May rent.
21. Bills Noble Corp, $500 for welding done