Bruce lbach 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 $$14,500$ and signing a $90-$day note payable for

the balance of $$37,000.$

$2$ Purchased $12$ months of insurance to begin May $2$ ; paid $$27,000.$

$3$ Completed a fitness contract for a group of clients today and received $$6,500.$

$4$ Purchased office supplies on account; $$4,000.$

$6$ Returned to the supplier $$800$ of defective office supplies purchased on May $4.$

$10$ Provided services to a client today on account; $$12,000.$

$15$ Paid for the May $4$ purchase less the return of May $6.$

Received payment from the client of May $10.$

$25$ Received cash of $$3,000$ from a client for work to be done in June.

$31$ Paid month$-$end salaries of $$52,000.$

$31$ Paid the May telephone bill today; $$2,500.$

$31$ Received the May electrical bill today; $$3,600.$ It will be paid on June $15.$

Required:

Prepare journal entries for each of the above transactions.