Instruction: Journalize the following transactions. May 1 Stockholders invested $45,000 cash in exchange for common stock. 3 Hired a secretary-receptionist at a salary of $2, 800 per month. 15 Provided services and billed client $3, 200 for services provided. 22 Received $3, 700 advance on a service engagement. 26 Received 50% of the bill sent on May 15. June 8 Found an error that a payment on account of $680 to a creditor was debited to Accounts Payable $860 and credited to Cash $860