Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human Resources Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the following transactions during May 2020:

May	1	Invested $65,000 in cash and office equipment that had a fair value of $38,000 in the business.
	1	Prepaid $11,400 cash for three months rent for an office.
	2	Made credit purchases of office equipment for $19,000 and office supplies for $3,800.
	6	Completed a report on hiring solutions for a client and collected $7,000 cash.
	9	Completed a $15,000 project implementing a training program for a client, who will pay within 30 days.
	10	Paid half of the account payable created on May 2.
	19	Paid $6,500 cash for the annual premium on an insurance policy.
	22	Received $11,800 as partial payment for the work completed on May 9.
	25	Developed a performance review process for another client for $4,280 on credit.
	25	Paid wages for May totalling $29,000.
	31	Withdrew $4,000 cash from the business to take a trip to Paris in June.
	31	Purchased $1,100 of additional office supplies on credit.
	31	Paid $1,300 for the months utility bill.

Required: 1. Prepare journal entries to record the transactions.

2&3. Complete the following accounts (use the balance column format or T-accounts): Cash (101); Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131); Office Equipment (163); Accounts Payable (201); Elizabeth Wong, Capital (301); Elizabeth Wong, Withdrawals (302); Services Revenue (403); Wages Expense (623); and Utilities Expense (690). Post the entries to the accounts. (Record the transactions in chronological order.) 4. Prepare a trial balance at May 31, 2020.