[14:36, 2024-03-09] : Martin Financial Services was formed on May 1, 2024. The following events and transactions are from its first month: May 1 Jacob Martin invested $44,600 cash and equipment worth $10,850 in the company. 1 Hired one employee to work in the office for a salary of $2,680 per month. 2 Paid $3,390 cash for a one-year insurance policy. 5 Signed a two-year rental agreement on an office and paid $4,670 cash. Half was for the May 2024 rent and the other half was for the final month's rent. (Hint: The payment for the final month's rent should be considered an asset and be recorded in Prepaid Rent.) 8 Purchased additional equipment costing $19,000. A cash payment of $6,800 was made immediately. Signed a note payable for the balance. 9 Purchased supplies for $565 cash. 15 Purchased more supplies for $850 on account. 17 Completed a contract for a client for $2,790 on account. 22 25 Paid $400 for May's telephone bill. Completed services for a client and immediately collected $1,050. 26 Paid Jacob Martin $1,850 cash for his personal use. 28 Collected $2,130 from the client billed on May 17. 30 Paid for the supplies purchased on