Ryan Olson organized a new company, MeToo, Inc. The company provides networking management services on social network sites You have been hired to record the following transactions. a. May 1: Issued 1,350 shares of common stock to investors for $25 per share. b. May 15: Borrowed $51,500 from the bank to provide additional funding to begin operations; the note is due in two years. c. May 31: Paid $3,300 for a one-year fire insurance policy with coverage starting June 1 TIP: For convenience, simply record the full amount of the payment as an asset (Prepaid Insurance). At the end of June, this account will be adjusted to its proper balance. d. June 3: Purchased furniture for the store for $24,000 on account. The amount is due within 30 days e. June 5: Placed advertisements in local college newspapers today for a total of $665 cash. f June 9: Provided services for $620 cash. g. June 14: Made full payment for the furniture purchased on account on June 3 Required For each of the transactions, prepare journal entries. (If no entry is required for a transact Required" in the first account field.) ion/event, select "No Journal Entry