Olivia Matthews, Certified Public Accountant, operates as a professional corporation, (P.C.). The business completed these transactions during the first part of May 2018: Click the icon to view the transactions.) Read the requirements Requirement 1. Joumalize the transactions. Explanations are not required. (Record debits first, then credits. Excludo explanations from joumal entries.) May 2: Received $12,000 cash from Matthews, and issued common stock to her. Journal Entry Date Accounts Debit Credit May 2 planations from journal entries.) her. i Requirements X 1. 2. Journalize the transactions for Olivia Matthews, Certified Public Accountant. Explanations are not required. Post to the T-accounts. Key all items by date and determine the ending balance in each account. Denote an account balance on May 18, 2018, as Bal. Prepare a trial balance at May 18, 2018. 3. Print Done red(Record debits first then credits. Exclude explanations from.journal entries.) i More Info May 2 Received $12,000 cash from Matthews, and issued common stock to her. 2 Paid monthly office rent, $500. 3 Paid cash for a desktop computer, $1,800, with the computer expected to remain in service for five years. 4 Purchased office furniture on account, $6,000, with the furniture projected to last for five years. 5 Purchased supplies on account, $900. 9 Performed tax services for a client and received cash for the full amount of $600. 12 Received bill and paid utility expenses, $750.. 18 Performed consulting services for a client on account, $3,100. Print Done