Swifty Services was formed on May 1, 2022. The following transactions took place during the first month.

1.		Jay Bradford invested $32,800 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 $2,501 per month.
3.		Paid $820 for warehouse rent for May.
4.		Purchased equipment costing $24,600. A cash payment of $8,200 was made immediately; the remainder will be paid in 6 months.
5.		Purchased a one-year insurance policy for $1,968.
6.		Purchased basic office supplies for $344 cash.
7.		Purchased more office supplies for $1,230 on account.
8.		Total revenues were $16,400$6,560 cash and $9,840 on account.
9.		Paid $328 to suppliers for accounts payable due.
10.		Received $2,460 from customers in payment of accounts receivable.
11.		Received utility bills in the amount of $312, to be paid next month.
12.		Paid the monthly salaries of the two employees, totaling $5,002. Prepare a transaction analysis using T-accounts.