Janet Enterprises incorporated on May 3, 2015. The company engaged in the following transactions during its first month of operations:

May 3	Issued capital stock in exchange for $950,000 cash.
May 4	Paid May office rent expense of $1,800.
May 5	Purchased office supplies for $600 cash. The supplies will last for several months.
May 15	Purchased office equipment for $12,400 on account. The entire 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 remaining amount owed.
May 20	Billed clients $120,000 on account.
May 26	Declared a $8,000 dividend. The entire amount will be distributed to shareholders on June 26.
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.	Prepare journal entries for the above transactions.

b.	Post each entry to the appropriate ledger accounts. -Cash -Accounts Receivable -Office Supplies -Office Equipment -Vehicle -Notes Payable -Accounts Payable -Dividends Payable -Capital Stock -Client Revenue -Office Rent Expense -Salary Expense -Utility Expense -Dividends