Journalize Transactions Four transactions that occurred during May are listed below. a. May 5: Borrowed cash of $40,000 from Middle State Bank. b. May 10: Made cash sales of $28,500 to customers. c. May 19: Paid salaries of $15,600 to employees for services performed d. May 22: Purchased and used $7,100 of supplies in operations of the business Required: Prepare journal entries for the transactions. May 5 (Record borrowing of cash from bank) 10 - (Record cash sale) (Record payment of salaries) 22 - (Record purchase of supplies) 22 (Record use of supplies)