Problem 2-03A a-c (Part Level Submission) Bonita Services was formed on May 1, 2020. 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. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,400 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $33,500. A cash payment of $12,000 was made immediately; the remainder will be paid in 6 months. 5. Paid $1,900 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month: 6. Purchased basic office supplies for $600 cash. 7. Purchased more office supplies for $1,500 on account. 8. Total revenues earned were $21,500-$8,500 cash and $13,000 on account. 9. Paid $500 to suppliers for accounts payable due. 10. Received $3,200 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $500, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $6,800. Prepare journal entries to record each of the events listed. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles Debit Credit 1. TCash | 41000 | Owner's Capital 41000 Accounts Payable Salaries and Wages Expense 6800 3. Prepaid Rent | 24000 Cash 24000 4. Equipment | 33500 | Cash 12000 Accounts Payable 21500 5. Prepaid Insurance | 1900 Cash 1900 6. Supplies | 600 Cash 600 7. Supplies 1500 7. Supplies 1500 Accounts Payable 1500 8. 13000 Accounts Receivable L ___ _ TCash 8500 L ___ _ Service Revenue 1 21500 9. Accounts Payable 1 500 LI 500 Cash L____ _ 10. cash 3200 Service Revenue 3200 11. TUtilities Expense 500 | Accounts Payable 500 12. Salaries and Wages Expense 6800 T Cash 6800 Post the journal entries to T-accounts. (Post entries in the order of journal entries presented in the previous question.) Cash 41000 Accounts Receivable x. Supplies Prepaid Insurance Prepaid Rent Equipment Accounts Payable X Owner's Capital x Owner's Capital XL Service Revenue X LLLLLLLLLL Salaries and Wages Expense , Utilities Expense 1x R Click if you would like to Show Work for this question: Open Show Work