please help with all the entries and solutions. thanks P$5-2$C$.$ From the following transactions as well as additional data, please complete the entire accounting cycle for Mike's Plumbing of Prince Albert. $($Use a chart of accounts similar to the one in Problem P$5-1$A on page $228.)$ Group C Problems $2022$ May $1$ To open the business, Mike Quinlan invested $ $10,000$ cash and $ $7,400$ worth of plumbing equipment. $1$ Paid rent for four months in advance, $ $1,980.3$ Purchased office equipment on account from MacKenzie Co$.,$ $ $3,800.7$ Bought plumbing supplies, $ $1,645.8$ Collected $ $3,600$ for plumbing services provided. $9$ Mike paid his home utility bill with a company cheque, $ $122.10$ Billed Western Construction Co$.$ for plumbing fees earned but not to be received until later, $ $9,600.14$ Advertising bill was received from ABCD Radio Co$.$ but is not to be paid until next month, $ $420.21$ Received cheque from Western Construction Co$.$ in partial payment of transaction dated May $10,$ $ $4,800.28$ Paid MacKenzie Co$.$ one$-$half of amount owed for office equipment, $ $1,900.31$ Paid telephone bill of company, $ $184.31$ Received bill from George's Cleaning to be paid in June, $$215.31$ Paid salaries to employees, $ $4,100.$ Comprehensive review of the entire accounting cycle, Chapters $1\backslash$geoquad $-5(175$min$)$Adjusting Data a$.$ Plumbing supplies remaining at month$-$end were $ $328.$ b$.$ One month's rent expired in May. c$.$ Depreciation on office equipment uses the straight$-$line method, a life of five years, and a residual value of $ $500.$ Group C Problems d$.$ Depreciation of plumbing equipment also uses the straight$-$line method, a life of three years, and zero residual value. e$.$ Salaries accrued amounted to $20\%$ of the salaries paid on May $31.$