Pete Wilson started a painting business in May. Prepare journal entries to record the transactions during the month of May detailed below. (Credit account titles are autamatically indented when the areuntis entered Do not indent manually List all dehlt entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter ofor the amounts. 1. Pete started the business by investing cash of $9,400, equipment with a fair value of $2,350, and painting supplies with a fair value of $390. 2. Entered into a painting contract with a client for a total of \$1,175 that provided a deposit of $235 prior to commencing amy work. 3. Purchased painting supplies for $156 on account. 4. Received cash of $564 for painting services provided. 5. Paid for oneryear insurance in advance, $1,128, 6. Completed the painting contract in (2) above and recelved the balance owing in cash of $940. 7. Paid cash of $188 from the business bank account for Pete's personal cxpenses 8. Paid for the supplies purchase in (9) above