1. Jenny Johnson opened a realty business, Johnson Realty and had the following transactions during the month of May:

May 1	Jenny invested $12,000 cash into the business in exchange for common stock
May 2	Purchased supplies on account, $150
May 3	Paid Mays rent for the office space, $400
May 5	Paid for a three month insurance policy covering June-Aug, $300
May 6	Received a cash commission of $3,000 for the sale of a house
May 10	Paid salaries, $1,200
May 12	Paid utilities, $75
May15	Paid for supplies previously purchased on May 2
May 25	Received $500 cash in advance of selling a house
May 31	Paid $250 cash dividends

1. Prepare journal entries for each of the above transactions.
2. Post the transactions into T-accounts.
3. Prepare a trial balance for the month ended May 31, 2013.