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Jenny Jackson Event Planning Co. had the following transactions relate to the month May business: May 1 To begin the business Jenny invested $20,000 cash and $5,000 of furniture. May 2 Jenny paid $4,000 rent for 6 month in advance. May 5 Purchased $2,000 furniture on account. May 6 Bought supplies of $150 paying cash May.9 Collected $3,000 for a wedding reception party May 12 Jenny paid his $100 home utility bill using a company cheque May 20 Billed John Smith $6,000 for office party event completed May 23 Received a bill for advertising in the local paper, $300. Will pay in June. May 26 Paid Salaries, $1,000 to employees May 30 Paid $1,000 of the amount owed for the furniture. May 31Paid telephone bill of company, $50