Bruce Ibach owns Biotech Fitness Centre, which showed the following selected transactions for the month ended May 31, 2023: May 1 Purchased new equipment, paying cash of $13,600 and signing a 90-day note payable for the balance of $28,000. 2 Purchased 12 months of insurance to begin May 2; paid $21,600. 3 Completed a fitness contract for a group of clients today and received $5,600 4 Purchased office supplies on account; $3, 550. 6 Returned to the supplier $710 of defective office supplies purchased on May Provided services to a client today on account, $11,100. 15 Paid for the Mav 4 purchase less the return of Mav 6. 20 received pavment rrom the ciment or may To. 25 Received cash