Part B

Post the journal entries to T-accounts. (Post entries in the order of journal entries presented in the previous question.) Supplies Prepaid Insurance Prepaid Rent Accounts Payable Service Revenue Salaries and Wages Expense Utilities Expense Bramble Services was formed on May 1, 2022. The following transactions took place during the first month. Transactions on May 1 : 1. Jay Bradford invested $39,000 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 $2,600 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $20,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $30,500. A cash payment of $10,000 was made immediately; the remainder will b 5. Paid $1.800 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month: 6. Purchased basic office supplies for $400 cash. 7. Purchased more office supplies for $1,300 on account. 8. Total revenues earned were $20,500$8,500 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,100 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $400, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $5,200. Prepare journal entries to record each of the events listed. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) 5. Prepaid insurance 1,800 Cash 6. Supplies 400 Cash 7. Supplies Accounts Payable 8. Accounts Receivable 12.000 Cash 8,500 Service Revenue 1,300 9. Accounts Payable 400 Cash 10. Cash 3,100 Accounts Receivable 11. Utilities Expense 400 Accounts Payable 12. Salaries and Wages Expense 5,200 Cash 5.200