Szoges Enterprises incorporated on May 3, current year. The company engaged in the following transactions during its first month of operations: May 3: Issued capital stock in exchange for $950,000 cash. May 4: Paid MAy office rend expense of $1,800. May 5: Purchased office supplies for $600 cash. The supplies will last for several months. May 15: Purchased office equipment for $12,400 on account. The entire amount is due June 15. 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. A partial list of the account titles used by the company includes the following: a. Prepare journal entries, including explanations, for these transactions. b. Post each entry to the appropriate ledger accounts (use the T account format illustrated in Exhibit 3-8 in the textbook.) c. Prepare a trial balance dated May 31, the current year. Assume accounts with zero balances are not included in the trial balance