CALCULATOR Problem 2-03A a-c (Part Level Submission) Sheffield Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $41,000 cash in the company, as its sole owner 2. Hired two employees to work in the warehouse. They will each be paid a salary of $2,900 per month 3. Sioned a 2-year rental agreement on a warehouse; paid $25,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $30,000. A cash payment of $12,000 was made immediately, the remainder will be paid in 6 months 5. Paid $2,000 cash for a one-year insurance policy on the furniture and equipment Transactions during the remainder of the month 6. Purchased basic office supplies for $600 cash 7. Purchased more office supplies for $1,300 on account. 8. Total revenues earned were $10,000-$7.000 cash and $11,000 on account 9. Paid $300 to suppliers for accounts payable due 10. Received $3,800 from customers in payment of accounts receivable 11 Received utility bills in the amount of $500, to be paid next month 12. Paid the monthly salaries of the two employees, totalino 15.000. (a) Prepare Journal entries to record each of the events listed. (Credit accountries are automatically indented when amount konfered. Do not indent mancally. If no entry is required, select "No Entry for the accountries and enter for the amounts) No. Account Titles Det Credit 1. 3 4 19 AM 220 toch lenovo 7. 8. 9. 10. 11. 12