Szoges Enterprises incorporated on May 3, current year, The company engaged in the following transactions during its first month of operations. May 3 Issued capltal stock in exchanee for $950,000 cash. May 4 Pald Kay office rent expense of $1,800. May 5 Purchased office supplies for $600 cash. The supplies will last for several montbs. May 15 Purchased office equipment for $12,400 on account. The entire asount is due June is. Hay 18 Purchased a company car for $45,000. Paid $15,009 cash and issued a note payable for the remaining apount owed. May 20 Billed clients $120, 900 on account. May 26 Declared and paid o 58 , eae dividend (use the Dividends account). May 29 Paid May utilities of $500. May 30 Recelved $90,000 froe clients billed on May 20. Hay 31 Recorded and pald salary expense of $32,000. A partial list of the account tites used by the company includes the following: - Cash - Accounts Recelvable - Dividends - Office Supplies - Capital Stock - Office Equipment - Client Revenue - Vehicies - Omice Rent Expense - Notes Payable - Salary Expense - Accounts Payable - Utities Expense. Required: a. Prepare journat entries for the above transactions. b. Post each entry to the appropriate ledger accounts. c. Prepare a tral batance dated May 31, current year. Assume accounts with zero balances are not included in the triat balance Szoges Enterprises incorporated on May 3, current year. The company engagec operations: May 3 Issued capital stock in exchange for $950,000 cash. May 4 Paid May office rent expense of $1,800. May 5 Purchased office supplies for $600 cash. The supplies will last for May 15 Purchased office equipment for $12,400 on account. The entire amount May 18 Purchased a company car for $45,000. Paid $15,000 cash and issued a May 20 Billed clients $120,000 on account. May 26 Declared and paid a $8,000 dividend (use the Dividends account). May 29 Paid May utilities of $500. May 30 Received $90,000 from clients billed on May 20 . May 31 Recorded and paid salary expense of $32,000. prises incorporated on May 3, current year. The company engaged in the following transactions during its first month of ed capltal stock in exchange for $950,000 cash. May office rent expense of $1,800. hinted offlce supplies for $600 cash. The supplies will last for several nonths. hased office equipment for $12,400 on account. The entire arount is due June 15 . hased a company car for $45,090. Pald $15,000 cash ond issued a note payable for the remaining amount owed. ed clients $120, 000 on account. ared and paid a 58,000 dividend (use the Dividends account). Moy utilities of $500. tued $99,609 from clients billed on May 20. rded and pald salary expense of $32,000. \begin{tabular}{|c|c|c|c|c|c|} \hline mo & voix & & & Nomi & creur \\ \hline \multirow[t]{2}{*}{1.} & May 03 & Cash & 0 & 950,000 & \\ \hline & & Capital stock & 0 & & 950,000 \\ \hline & B & & a & & +2 \\ \hline \multirow[t]{2}{*}{2} & May 04 & Once rent expense & 0 & 1,8000 & \\ \hline & & Cash & 0 & & 1,8000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{3} & May 05 & Ofice supples & 0 & 6000 & \\ \hline & & Cash & 0 & 1 & 6000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{4} & May 15 & Office equipment & 0 & 12,400 & \\ \hline & & Accounts payable & 0 & & 12,4000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{5} & May 18 & Vehicles & 0 & 45,000 & \\ \hline & 6x4 & Cash & 0 & & 15,000 \\ \hline & & Notes payable & 0 & E & 30,0000 \\ \hline \multirow[t]{2}{*}{6} & May 20 & Accounts receivable & 0 & 120,0000 & \\ \hline & & Clent revenue & 0 & & 120.000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{7} & May 26 & Dividends & 0 & 8,0000 & \\ \hline & & Cash & 0 & & 8,0000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{8} & May 20 & Utitties expense & 0 & 5000 & 48 \\ \hline & & Cash & 0 & & 5000 \\ \hline & & & & & \\ \hline \multirow[t]{3}{*}{9} & May 30 & Cash & 0 & 90,0000 & \\ \hline & & Accounts feceivable & 0 & & 90,000 \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{10} & May 31 & Salary expense & 0 & 32,0000 & \\ \hline & & Cash & 0 & & 32,0000 \\ \hline \end{tabular} Post each entry to the appropriate ledger accounts. Complete this question by entering your answers in the tabs below. Prepare a trial balance dated May 31, current year. Assume accounts with zero balances a