Requirement 1 Journalize the following transactions occurred in May for Redstar Services. No explanations are required. (20) May 3 The owner, Darry, contributed $60,000 cash as capital May 6 Purchased office supplies on account, $3,000 May 9 Paid office rent $6,300 for May, June and July May 14 Performed services for a customer and received $4,200 cash May 17 Paid salary $6,200 May 20 Paid $1,000 on account May 21 Collected $6,200 in advance for service to be performed next month May 23 Performed service on account $9,000 May 25 Collect $2,400 cash from customer on account May 30 Owner withdrew cash of $5,500 Requirement 2 Journalize the adjusting entries at May 31 using the following data.No explanations are required. (4) Accrued service revenue $2,000 Prepaid rent for the month has used, which is $2,500 Requirement 3 Post the entries in requirement 1 and 2 about cash to cash account and calculate the balance of cash account at May 31. (3 marks) Requirement 4 Assume at the end of the period, the service revenue account has a credit balance of $60,000, prepare the closing entry to close service revenue account.(2 marks)