Hay a Issued capital stock in exchange for $950,000 cash. May 4 Paid May office rent expense of 51,800. May 5 Purchased office supplies for $600 cash. The supplies will last for several nonths. May is Purchased office equipment for $12,400 on account. The entiro amount is due June 15. May 18 Purchased a company car for $45,000. Paid $15,000 cash and issued a note payable for the renaining anount. owed. May 20 Billed clients $120,000 on account. May 26 Declared and paid a $8,000 dividend (use the Dividends account). May 29 Paid May utilities of $500. May 30 Received $90,000 from clients billed on May 20. May 31 Recorded and paid salary expense of $32,000. A partial list of the account titles used by the company includes the following: - Cash - Accounts Recelvable - Dividends - Office Supplies - Capital Stock - Office Equipment - Client Revenue - Vehicies - Office Rent Expense a. Prepare journal entries for the above transactions. b. Post each entry to the appropriate ledger accounts. c. Prepare a trial balance dated May 31, current year. Assume accounts with zero balances are not included in the trial balance. Complete this questien by enering your arnwersin the tats below. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|l|}{ Cash } \\ \hline \multicolumn{3}{|l|}{ Accounts receivable } \\ \hline \multicolumn{3}{|l|}{ Office supplies } \\ \hline \multicolumn{3}{|l|}{ Oifice equipment } \\ \hline \multicolumn{3}{|l|}{ Vehicies } \\ \hline \multicolumn{3}{|l|}{ Notes payable } \\ \hline \multicolumn{3}{|l|}{ Accounts payable } \\ \hline \multicolumn{3}{|l|}{ Dividends } \\ \hline \multicolumn{3}{|l|}{ Capital stock } \\ \hline \multicolumn{3}{|l|}{ Client revenue } \\ \hline \multicolumn{3}{|l|}{ Office rent expense } \\ \hline \multicolumn{3}{|l|}{ Salary expense } \\ \hline \multicolumn{3}{|l|}{ Utilities expense } \\ \hline Total & 10 & 40 \\ \hline \end{tabular} Required B