1 Jason Ellis owns an electronics store, Wired Corporation. Wired sells product from its retail store, as well as performs computer system installations. 2 As of April 30, 202X, Wired had the following trial balance: 3 456TBEG 7 8 9 Cash 10 Accounts Receivable 11 Supplies 12 Prepaid Rent 13 Equipment 14 Accounts Payable 15 Unearned Revenue Wired Corporation Trial Balance April 30, 202X 16 Common Stock 17 Retained Earnings 18 Debit 3,900 2,225 1,200 1,000 7,000 15,325 Credit 3,100 400 10,000 1,825 15,325 19 20 21 During May 202X, Wired had the following transactions: 22 23 May 1 24 May 2 25 May 5 26 May 7 27 May 15 28 May 18 29 May 20 30 May 24 31 May 28 32 May 30 33 34 Instructions: Prepare journal entries for the transactions, using the templates below. Do not provide explanations. 35 Points available: 23 36 Received a $500 advance on a computer system installation to be performed on May 15. Hired a part-time sales clerk at a salary of $700 per month. Purchased $400 of supplies on account from Paper Depot. Received $4,000 in cash for store sales. Completed the computer system installation booked on May 1 and billed client $1,000 for services performed. Paid $325 cash to Electronics, Inc. for inventory purchased on credit in April. Paid $600 for a one-year advertising campain that begins June 1. Paid $175 cash for utilities for the month of May. Paid $1,000 cash for Rent for June. Hint: the prepaid rent balance at April 30 must be expensed on May 31. Paid 50% of the balance owed to Paper Depot. A

1 Jason Elilis owns an electronics store, Wired Corporation. Wired sells product from its retall store, as well as performs computer system installations