1 of 1 Assignment 2 On May 1. Al-Hammadi establish Consulting firm: the following transaction wete completed during the month May I Invested S 7,000 cash in the business. 2 Paid $ 900 for office rent for the month 3 Purchased S600 of supplies on account. 5 Paid S125 to advertise in the Country News 9 Received 4,000 cash for services performed 12 Withdrew $1,000 cash for personal use IS Performed $5.400 of services on account 17 Paid S2,500 for employee salaries 20 Paid S600 for the supplies purchased on account on May 3 23 Received a cash payment of $4,000 for services on account on May 15. performed 29 Purchased equipment for $4,200 on account 30 Paid S275 for utilities Requirement: Prepare journal tries to record the above transactions