rveying research Weygandt, Accounting Principles, 13e Return to Blackboard Question 2 Oriole Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $40,000 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 $3,200 per month 3. Signed a 2-year rental agreement on a warehouse; paid $22,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $29,400. A cash payment of $10,000 was made immediately, the remainder will be paid in 6 months 5. Paid $1,800 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 Total revenues earned were $19,400-37,400 cash and $12,000 on account 9. Paid $500 to suppliers for accounts payable due 10. Received $3,000 from customers in payment of accounts recewable 11. Received utility bills in the amount of $500, to be paid next month 12. Pad the monthly salaries of the two employees, totaling $6,400. (a) Prepare youma entres to record each of the events listed. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry the account titles and enter for the amounts.) No, Account Titles Debit Credit search O