Bruce lbach owns Biotech Fitness Centre, which showed the following selected transactions for the mionth ended May 31.2023 the balance of $37,000. 2 Purchaed 12 months of insurance to begin. May 2 ; pajd $27,000. 3 Corpleted a fitness contract for a group of clivets today and recolved 56,500. 4 Purchased office supplies on account; $4,000. 6 Returned to the supplier $900 of defective office supplips purchased on May 4. 10 Drivilied services to a client today en acceunt; $12,090. 15. Wasd for, the May 4 purchase. less the return of May 6 . 20 Necelved payment from the client of May 10. 25 Mesuived cash of $3, goe frow a cllent for work to be done in June. 3 Dald nonth-end salaries of $52,000 31 paid the May totephone bili todays 52,500 . Required: Prepare joumal entries for each of the above transactions