Bruce lbach owns Biotech Fitness Centre e, which showed the following selected transactions for the month ended May 31,2017 May 1 Purchased new equipment, paying cash of $13,.800 and signing a so-day note payable for the balanice of $30,000. 2 Purchased 12 months of insurance to begin May 2: paid $22,800 3 Completed a fitness contract for a group of dlients today and received $5,800 4 Purchased office supplies on account: $3,650 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 required" in the first account field.) of the above transactions. (if no entry is required for a transact ion/event, select "No journal entry Journal entry worksheet 5 12 Record the purchase of new equipment, paying cash of $13,800 and signinga 90-day note payable for the balance of $30,000. Note: Enter debits before credits Date May 01, 2017 Record entry Clear