LUS ywrteonmerselen 13 ting P -b (Part Sheffield Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay BradFord invested $41,000 cash in the company, as its sole owner Aa-d (Pert. Hired two employees to work in the warehouse. They will each be paid a salary of $3,300 per month Signed a 2-year rental agreement on a warehouse; paid $23,000 cash in advance for the first year 4. Purchased furniture and equipment costing $29,700. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months 5. Paid $1,600 cash for a one-year insurance policy on the furniture and equipment. 3. Transactions during the remainder of the month 6. Purchased basic office supplies for $500 cash. 7. Purchased more office supplies for $1,600 on account. 8. Total revenues eamed were $19,700-$8,700 cash and $11,000 on account 9. Paid $300 to suppliers for accounts payable due. 10. Received $2,800 from customers in payment of accounts receivabie 11. Received utility bils in the amount of $500, to be paid next month 12. Paid the monthly salaries of the two employees, totaling $6,600. v (a) Prepare ypurnal entries to record each of the events listed. (Credit account ities are select "No Entry" for the account titles and enter 0 for the amounts.) inderated whon mount is ertered. Do not indent manually. If no entry is require