P2-3B formed on May 1, 2012. The following transactions took place during the first San Jose Services was month. Transactions on May 1: 1. Jarron Gilbert invested $40,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first 3. year. 4. Purchased furniture and equipment costing $30,000. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months. S. Paid $1,800 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month: Purchased basic office supplies for $500 cash. Purchased more office supplies for $1,500 on account Total revenues earned were $20,000-$8,000 cash and $12,000 on account Paid $400 to suppliers for accounts payable due. Received $3,000 from customers in payment of accounts receivable. Received utility bills in the amount of $3 50, to be paid next month. Paid the monthly salaries of the two employees, totalling $6,100. Instructions (a) Prepare journal entries to record each of the events listed. (Omit explanations.) (b) Post the journal entries to T accounts. (e) Prepare a trial balance as of May 31, 2012