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Haskett Services was formed on May 1, 2017. The following transactions took place during the first month. tions on May 1 nk Haskett invested $100,000

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Haskett Services was formed on May 1, 2017. The following transactions took place during the first month. tions on May 1 nk Haskett invested $100,000 cash in the company, as its sole owner dired two employees to work in the warehouse. They will each be paid a salary of $3,000 per month. 3 Signed a 2-year rental agreement on a warehouse; paid $36,000 cash in advance for 4)Purchased furniture and equipment costing $60,000. A cash payment of $20,000 was the first year de immediately; the remainder will be paid in 6 months. aid $3,000 cash for a one-year insurance policy on the furniture and equipment Transactions during the remainder of the month: )Purchased basic office supplies for $1,000 cash. Purchased more office supplies for $3,000 on account. Total revenues earned were $30,000-$10,000 cash and $20,000 on account. Paid $800 to suppliers for accounts payable due Received $5,000 from customers in payment of accounts receivable. Recelved utility bills in the amount of $400, to be paid next month. aid the monthly salaries of the two employees, totalling $6,000 12 Instructions (a) Prepare journal entries to record each of the events listed. (Omit explanations (b) Post the journal entries to T accounts (c) Prepare a trial balance as of May 31, 2017

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