May $1$Purchased equipment in the amount of $ $46,000$ by signing a one$-$year note with a stated interest rate of $9\%$ per year. The interest and principal of the note will be paid on the maturity date $(5/1/2025)\mathrm{.}3$Prepaid $ $480$ cash for three$-$month insurance $($from $5/1/2024$ to $7/31/2024)\mathrm{.}7$Purchased $ $2,760$ of supplies on account$\mathrm{.}12$Provided tax consulting services of $ $9,400$ on account$\mathrm{.}18$Received $ $7,800$ cash in advance for tax services to be performed in the future$\mathrm{.}23$Collected $$3,900$ cash from accounts receivable$\mathrm{.}31$Counted supplies and determined that $ $820$ of supplies $($purchased on May $7)$ remains on hand at the end of May. Adjusted for supplies expense$\mathrm{.}31$Accrued unpaid May interest on the note $($see May$1)\mathrm{.}31$Adjusted for May insurance expense $($see May $3)\mathrm{.}31$Accrued $ $4,600$ of May salaries that has incurred but unpaid.