Bonita Services was formed on May 1, 2020. The following transactions took place during the first month.

Transactions on May 1:
1.		Jay BradFord invested $41,000 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 $3,400 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 $33,500. A cash payment of $12,000 was made immediately; the remainder will be paid in 6 months.
5.		Paid $1,900 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 $600 cash.
7.		Purchased more office supplies for $1,500 on account.
8.		Total revenues earned were $21,500$8,500 cash and $13,000 on account.
9.		Paid $500 to suppliers for accounts payable due.
10.		Received $3,200 from customers in payment of accounts receivable.
11.		Received utility bills in the amount of $500, to be paid next month.
12.		Paid the monthly salaries of the two employees, totaling $6,800.

(a) Prepare journal entries to record each of the events listed.