please and thank you. Part 1 is already answered

Question 8 of 9 1.67/5 View Policies Show Attempt History Current Attempt in Progress 2 3 4 5 Concord Services was formed on May 1, 2022. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $ 41.000 cash in the company, as its sole owner. Hired two employees to work in the warehouse. They will each be paid a salary of $ 2.500 per month. Signed a 2-year rental agreement on a warehouse; paid $ 20,000 cash in advance for the first year. Purchased furniture and equipment costing $31.000. A cash payment of $ 12,000 was made immediately: the remainder will 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. 7. Purchased more office supplies for $ 1.400 on account. Total revenues earned were $ 19,000-$8,000 cash and 11,000 on account. Paid $ 300 to suppliers for accounts payable due Received $ 3.200 from customers in payment of accounts receivable. Received utility bills in the amount of $ 400, to be paid next month. Paid the monthly salaries of the two employees, totaling $ 5,000. 6. 8. 9. 10. 12. (a) Your answer is correct. & Oy 1.67/5 III No. Account Titles Debit Credit 1. ch 91.000 Owner's Choice 41.000 2. Nou Entry No Entry 3. Prepaid Rent 20.000 Cash 20.000 4. Equipment Cath 12.000 Accounts Payable 19.000 5. Prinsurance 100 1.800 6. super 500 ch 500 7. wote 1400 Accounts Pays LA00 8. Account Total T1000 10.000 Question 8 of 9 1.6775 E (b) Post the journal entries to T-accounts. (Pest entries in the order of journal entries presented in the previous question) Cash 1 . 4 5 6 7 9 10 11 12 Bal Accounts Receivable . Supplies + : . Reading 1 Prepaid Insurance Prepa 4 5 6 7 8 9 10 11 12 Bal. Equit ** : Accounts Payable 4 . Owner's Capital Owner's Capital Service Revenue Salaries and Wages Expense Utilities Expense e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit