Julia Dumars is a licensed CPA. During the first month of operations of her business, Wildhorse Co., the following events and transactions occurred 2 3 7 May 1 Stockholders invested $20,100 cash in exchange for common stock Hired a secretary-receptionist at a salary of $2,300 per month. Purchased $2,300 of supplies on account from Vincent Supply Company Paid office rent of $750 cash for the month. Completed a tax assignment and billed client $2,900 for services performed. Received $2,500 advance on a management consulting engagement Received cash of $1,800 for services performed for Orville Co. Paid secretary-receptionist $2,300 salary for the month. Paid 50% of balance due Vincent Supply Company 11 12 17 31 31 Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No 209 Unearned Service Revenue, No 311 Common Stock, No. 400 Service Revenue, No 726 Salaries and Wages Expense, and No. 729 Rent Expense (a) Your answer is correct Journalize the transactions. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually. Record Journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter *o* for the amounts.) Date Account Titles and Explanation Debit Credi May 1 Cash 20100 Common Stock May 2 No Entry No Entry May 3 Supplies 2300 Accounts Payable May 7 Rent Expense 750 Cash May 11 Accounts Receivable 2900 Service Revenue May 12 Cash 2500 Unearned Service Revenue May 17 Cash 1800 Service Revenue May 31 Salaries and Wages Expense 2300 Cash (Pald salaries) May 31 Accounts Payable 1150 - Cash (Paid creditor on account) Post to the ledger accounts. (Post entries in the order of Journal entrles presented in the previous port) Cash No. 101 Date Explanation Ref. Debit Credit Balance 31 31 J1 31 J1 31 Accounts Receivable No. 112 Date Explanation Ref Debit Credit Balance J1 Supplies Date No. 126 Explanation Ref. Debit Credit Balance J1 Accounts Payable Date Explanation No. 201 Ref. Debit Credit Balance J1 J1 Unearned Service Revenue No. 209 Date Explanation Ref. Debit Credit Balance J1 Common Stock No. 311 Date Explanation Ref. Debit Credit Balance J1 Service Revenue No. 400 Date Explanation Ref. Debit Credit Balance J1 J1 Salaries and Wages Expense Date Explanation No. 726 Ref. Debit Credit Balance J1 Rent Expense No. 729 Date Explanation Ref. Debit Credit Balance J1