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 $13,800 and 5igning a 90 -day note payable for the balance of $30,000. 2 Purchased 12 months of insurance to begin Nay 2 ; paid $22,800. 3 Completed a fitness contract for a group of clients today and received $5,800. 4 Purchased office 5 upplies on account; 53,650 . 6 Returned to the supplier $730 of defective office supplies purchased on May 4 , 10 Provided services to a client today on account; $11,300. 15 Paid for the May 4 purchase less the return of May 6 . 20 Received payment from the client of May 10 . 25 Received cash of $2,300 from a client for work to be done in June. 31 Paid month-end salaries of $45,000. 31 Paid the May telephone bill today; $2,150. 31 Received the May electrical bill today; $2,900. It will be paid on June 15 . May 1 Purchased new equipment, paying cash of $13,800 and signing a 90-day note payable for the balance of $30,000. 2 Purchased 12 months of insurance to begin Way 2 ; paid 522,800. 3 Completed a fitness contract for a group of clients today and received $5,800. 4 Purchased office supplies on account: 53,650. 6 Returned to the supplier $730 of defective office supplies purchased on May 4 , 10 Provided services to a client today on account; $11,300. 15 Paid for the May 4 purchase less the return of May 6. 20 Received payment from the client of May 10. 25 Received cash of $2,300 from a client for work to be done in June. 31 Paid month-end salaries of $45,000. 31 Paid the May telephone bill today: $2,150. 31 Received the May electrical bill today; $2,900. It will be paid on June 15 . Required: Prepare journal entries for each of the above transactions. Note Enter debitn before credits