Mason's Restaurant and Catering is a sole proprietorship owned by Michael Mason. The business had the following transactions during the month of May. May 1 Mason contributed $45,000 cash in exchange for capital. 5 Paid monthly rent on the restaurant equipment, $1,650. Purchased office supplies on account, $1,500. Borrowed $25,000 from the bank for business use. Paid $30,000 cash for a delivery van. Paid $1,500 on account. The business received $1,600 for catering services for a wedding on June 11. Paid employees' salaries $5,500; restaurant rent $3,000 and advertising for May $800. Record a compound entry. Received the bill for catering food and supplies used in May, $8,500. 31 The bill is due on June 15 and will be paid on that date 31 Michael Mason withdrew $6,000 cash from the business for personal use. Michael Mason withdrew $6,000 cash from the business for personal use. The business uses the following accounts: Cash; Accounts Receivable; Office Supplies; Delivery Van; Accounts Payable; Utilities Payable; Unearned Revenue; Notes Payable; Mason, Capital; Mason, Withdrawals; Service Revenue: Salaries Expense; Equipment Rent Expense; Restaurant Rent Expense; Utilities Expense; Catering Expense; and Advertising Expense. Required: Journalize each transaction. Explanations are not needed. BIVA -A- IEE 3 1 x , ! E V c 0 TT 12pt Paragraph