as well as an income statement, owners equity statement, and a balance sheet. -thank you

Journalise transactions, post, and prepare a trial balance P2.3A (LO 1, 2, 3, 4) Maquoketa Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $40,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month 3. Signed a 2 year rental agreement on a warehouse; paid $24,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $30.000. A cash payment of $10,000 was made imme diately; the remainder will be paid in 6 months. 5. Paid $1,800 cash for a one-year insurance policy on the furniture and equipment Transactions during the remainder of the month: 6. Purchased basic office supplies for $420 cash. 7. Purchased more office supplies for $1,500 on account 8. Total revenues carned were $20,000-$8,000 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due 10. Received $3,000 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $380, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $6,100. Instructions a. Prepare journal entries to record each of the events listed. (Omit explanations.) b. Post the journal entries to T-accounts. c. Prepare a trial balance as of May 31, 2020. c. Trial balance totals $81,480