12Preparing journal entries LO3,5 e journal entries for the following transactions that occurred during 2017: Purchased equipment on account; $500. 1 2 Paid for the equipment purchased on May 1. 3 Purchased supplies for cash; $100. 4 Paid wages to employees; $2,000. 5 67 Performed services for a client and collected cash; $750. Did work for a customer on credit; $2,500. Collected the amount owing from the customer of May 6. O Page 119 directly into the 23C Partly sunny