Pete Anderson started a painting business in May. Prepare journal entries to record the transactions during the month of May detailed below. (Credit account titles are automatically indented when the amount is entered. Do not indent manuolly. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. 1. Pete started the business by investing cash of $13,000, equipment with a fair value of $3,250, and painting supplies with a fair value of $570. 2. Entered into a painting contract with a client for a total of $1,625 that provided a deposit of $32 d prior to commencing any work 3. Purchased painting supplies for $228 on account. 4. Received cash of $780 for painting services provided. 5. Paid for one-year insurance in advance, $1,560. 6. Completed the painting contract in (2) above and received the balance owing in cash of $1.300. 7. Paid cash of $260 from the business bank account for Pete's personal expenses. 8. Paid for the supplies purchase in (3) above