1. In May 2020, ABC Individual Proprietorship organized a corporation to provide services. The company began operations immediately. Transactions during the month of May were as follows: May 3 4 5 7 8 10 13 16 19 20 23 25 26 30 Began his business with $25,000 in cash. Paid rent for May in the amount of $3,000. Purchased a vehicle costing $8,000. Paid $5,000 in cash and the rest is on account. Purchased supplies on account for $1,500. Completed and delivered a job and billed the customer $2,000. Received $300 in cash for a job completed and delivered. Received $1,200 in cash from the customer billed on May 8. Billed a another customer $2,000 for a job. Paid $450 for the repair of the vehicle. Paid for the supplies purchased on May 7. Received a maintenance bill for $650, due next month. Withdrew $2,500 for personal use. Received a bill for $2,000 for advertising published in a magazine. Paid the worker $1,200 for month's work. Based on the foregoing transactions: 1. Record the transactions to related Ledger Accounts 2. Make the Closings 3. Prepare Post-closing Trial Balance 4. Prepare the Balance Sheet