The following is a partial list of transactions occurring during the May of the current year for Bytes Corporation. Please journalize the transactions, (Skip lines between entries) Transactions May 1 Sold merchandise for $25,000 on account which had a cost of $17,500. May 1 Paid $1,000 for rent for May. May 1 Sold 250 shares of $5 par Common Stock for $2,500. May 12 Purchased a new computer system for $5,000 which required special installation costing $600. Paid $2,500 cash and the remainder on account. May 16 Purchased our own $5 par Common Stock for $15,000. May 19 Issues a $100,000 4% Bond receiving $98,000 Cash. May 31 Total Revenues and Expenses for the month were $75,000 and $58,000 respectively. May 31 Employees earned $10,000 in Wages this month. $500 was withheld for Federal Income tax, 7.65% for FICA taxes. None of the employees have earned $7,000 yet this year, SUTA is 5.4% and FUTA is 6%. GENERAL JOURNAL Account Name PR Page 7 Date Debit Credit