Company ABC is a consulting firm. The following transactions occurredduring the month ofMay. (marks: 5) May1 Owner invested$9,000cashinthebusiness. 2 Paid$850forocerentforthemonth. 3 Purchased$750ofsuppliesonaccount. 5 Paid$125toadvertiseinthe City newspaper 9 Received$4,500cashforservicesperformed. 12 Withdrew$800cashforpersonaluse. 15 Performed$8,400ofservicesonaccount. 17 Paid$2,500foremployeesalaries. 20 Madeapartialpaymentof$600forthesuppliespurchasedonaccountonMay3. 23 Receivedacashpaymentof$4,000forservicesperformedonaccountonMay15. 26 Borrowed$5,000fromthebankonanotepayable.Interest is 5% payable each month. 29 Purchasedequipmentfor$4,200onaccount. 30 Paid$275forutilities Instructions a. Make general journal entries for the above. b. Make a trial balance. c. Calculate the net income of the company The End