2:16 BA N. 24% one 1) May1, purchased new equipment, paying cash $50,000 and signing a 90-days note payable for the balance of $87,500 2) Purchased 12 month of insurance to begin May2, paid $3800 3)Completed a design for a customer today and received $6000 4) May 4, Purchase office supplies on Account $4250 5) May6, Returned supplier $650 of defective office supplies purchased on May4 6)May 10, provided services to a client on account $11,500 7) May15, paid for May4 purchase. 8) May20, Received payment from the client of May10 9) May25, Received cash of $6000 from a client for work to be done in June 10) May31, paid month-end salaries of $47,000 11) May31, paid the May Telephone bill for $2,250 12) May31, received May electrical bill today $900, it will be paid on Jun 15. 2:16 BA N. 24% one 1) May1, purchased new equipment, paying cash $50,000 and signing a 90-days note payable for the balance of $87,500 2) Purchased 12 month of insurance to begin May2, paid $3800 3)Completed a design for a customer today and received $6000 4) May 4, Purchase office supplies on Account $4250 5) May6, Returned supplier $650 of defective office supplies purchased on May4 6)May 10, provided services to a client on account $11,500 7) May15, paid for May4 purchase. 8) May20, Received payment from the client of May10 9) May25, Received cash of $6000 from a client for work to be done in June 10) May31, paid month-end salaries of $47,000 11) May31, paid the May Telephone bill for $2,250 12) May31, received May electrical bill today $900, it will be paid on Jun 15