A. Recording Transactions 1. Record the transactions below in general journal form David Herbert Lawrence has been operating his business which is known as Rainbow. Inc. and has entered into the following actions during May: May 4: The following assets were received from Rainbow.cash, $10.000; accounts receivable, $1.500; supplies, $1.250; and office equipment $7.500. There were no liabilities received. May 4: Paid three month's rent on a lease rental contract, $4.500. May 4: Paid the premium on property and causality insurance policies for the year, $1.800. May 6: Received cash from clients as an advance payment for services provide, $3.000. May 7: Purchased additional office furniture on account from Huxley Company, $1.800. May 8: Received cash from clients on account, $800. May 11: Paid cash for social media advertisement, $120. May 12: Paid Huxley Company $800 for debt incurred on May, 7. May 15: Recorded services provided on account for the May 4-15, $2.250. May 15: Paid part time receptionist for two weeks' salary, $400. May 15: Recorded cash from cash clients for fess earned May 4-15, $3.175. May 18: Paid cash for supplies, $750. May 22: Recorded services provided on account for April 18-22, $1.100. May 22: Recorded cash from clients for fees earned May 18-22, $1.850. May 25: Received cash from clients on account, $1.600. May 27: Paid part time receptionist for two week's salary, $400. May 28: Paid telephone Bill for May, $130. May 29: Paid electric bill for May, $200. May 29: Recorded cash from clients for fees earned April 25-29, $2.050. May 29: Recorded services provided on account for May 25-29, $1.000. May 29: David Herbert Lawrence received $4.400 from the company as his salary. Record the following adjustments: Insurance expired in May, $150. Supplies on hand May 29, $1.020 Depreciation for the office equipment in May, $500. Accrued receptionist salary on May 30, $20. Rent expired in May, $1.500. Earned $2.000 of services that were previously paid for on 5/6