PROBLEM TY foelrClark ia a licensed CPA. During her first month of operation o foll owing events and transactions occurred. May 1 Clark invested $20,000 cash in her business. 2 Hired a secretary at a salary of $2,000 per month. Purchased 7. Paid $3,000 for a 3-year insurance policy. 11 $2,500 of supplies on account from Read Supply Company. Completed a tax assignment and billed client $3,200 for services performed. 12 Received $3,500 in advance for consulting services to be performed. 17 Received $1,200 in cash for services completed for C. Desmond Co. 31 Paid secretary salary for the month. 31 Paid 60% of the balance due Read Supply Company. Required 1) Prepare the journal entries (in good form) for the transactions listed above. If no entry required, write, "no entry". No explanations are needed. 20, 00 D 20,000 May I Cash capital nay 3 Supplies