Complete accounting cycle reqquired. ledger accounts, trial balance , statement of change.

Q16. Trafflet Enterprises incorporated on May 3, 2011. The company engaged in the following transactions during its first month of operations: May 3: Issued capital 'stock in exchange for $800,000 c ash. May 4: Paid May office rent expense of $1,000. May 5: Purchased office supplies for $400 cash. The supplies will last for several months. May 15: Purchased office equipment for $8,000 on account. The entire amount is due June 15. May 18: purchased a company car for $27,000. Paid $7,000 cash and issued a note payable for the remaining amount owed. May 20: Billed clients $32,000 on account. May 26: Declared a $5,000 dividend. The entire amount will be distributed to shareholders on June 26. May 29: Paid May utilities of $200. May 30: Received $30,000 from clients billed on May 20. May 31: Recorded and paid salary expense of $14,000. Required: Record each of these transactions and post them to ledger accounts