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In-class Assignment2 1) 1ay1, purchased new equipment, paying cash $25,000 and signing a 90-days note payable for the balance of $87,500 312) Purchased 12 month of Insurance to begin May2, paid $1800 7 8 3)Completed a design for a customer today and received $6000 -9 344) Ntay 4, Purchase office supplies on Account $3750 85 395) Prayb, Returned supplier $500 of defective office supplies purchased on May4 90 946) May10, provided services to a client on account $11,500 97 987) Nay15, paid for May4 purcahse less the return of May. 102 1048) Nay 20, Received payment from the client of May10 10B 1099) May25, Received cash of $600 from a client for work to be done in June 113 114 10) May31, paid month-end salaries of $47,000 118 11) May31, paid the May Telephone bill for $7,750 121 122 12) May31, received May electrical bill today $900, it will be paid on Jun15. 125