During the first month of operations, the following transactions occurred for Alpha Accounting Services Inc.: May Issue 1 Paid office rent of $950 for the month. 4 4 Issued common shares for $20,000 cash. Hired a secretary-receptionist at a salary of $2,000 per month. She started work the same day. Purchased $750 of supplies on account from Read Supply Corp. 1 Completed an income tax assignment and biled client $2,725 for services provided. 12 Received $3,500 in advance on a management consulting engagement 15 Received $2,350 for services completed for Arnold Corp. 20 Received $1,725 from client for work completed and billed on May 11 22 Paid one-third of balance due to Read Supply Corp. (See May 4 transaction.) 29 29 29 Received a $275 telephone bill for May, to be paid next month. (Hint: Use the Utilities Expense account to record telephone services.) Paid secretary-receptionist $2,000 salary for the month. Paid monthly income tax instalment, $300. Declared and paid $250 dividend. Instructions Journalize the transactions