The following transactions occurred for Ward Technology Solutions: Click the icon to view the transactions.) (Click the icon to view the journal entries.) Read the requirement May 1: The business received cash of $86,000 and issued common stock to Zoe Ward. May 1 The business received cash of $86,000 and issued common stock to Zoe Ward 2 Purchased office supplies on account, $450. 4 Paid $57,000 cash for building and land. The building had a fair market value of $45,000 6 Performed services for customers and received cash, $3,300. 9 Paid $200 on accounts payable 17 Performed services for customers on account, $3,500 19 Paid rent expense for the month, $1,000 20 Received $2,100 from customers for services to be performed next month 21 Paid $200 for advertising in next month's IT Technology magazine. 23 Received $3,000 cash on account from a customer 31 Incurred and paid salaries, $1.100 Date Debit Credit May 1 86,000 86,000 May 2 450 Accounts and Explanation Cash Common Stock Issued common stock in exchange for cash. Office Supplies Accounts Payable Purchased office supplies on account Building Land Cash Paid cash for building and land. May 4 45,000 12,000 57,000 3,300 3,300 200 200 May 6 Cash Service Revenue Performed services and received cash. May 9 Accounts Payable Cash Paid cash on account May 17 Accounts Receivable Service Revenue Performed services on account May 19 Rent Expense Cash Paid cash expenses 3,500 3,500 1,000 1.000 Reference May 20 2,100 2,100 May 21 200 200 Paid cash expenses Cash Unearned Revenue Collected cash for future services. Prepaid Advertising Cash Paid advertising in advance Cash Accounts Receivable Received cash on account Salaries Expense Cash May 23 3.000 3.000 May 31 1.100 1100 i Reference 2,100 2,100 200 200 May 20 Cash Unearned Revenue Collected cash for future services. May 21 Prepaid Advertising Cash Paid advertising in advance. May 23 Cash Accounts Receivable Received cash on account May 31 Salaries Expense Cash Paid cash expenses 3,000 3,000 1.100 1.100 1 Requirement The following four-column accounts have been opened for you and utilize the following account numbers: Cash, 110; Accounts Receivable, 120 Office Supplies, 130: Prepaid Advertising, 140: Land, 150: Building, 160, Accounts Payable, 210, Unearned Revenue, 220: Common Stock. 310; Service Revenue, 410; Rent Expense, 510, and Salaries Expense, 520. Post the journal entries to the four-column accounts and determine the balance in the account after each transaction. Assume that the journal entries were recorded on page 10 of the journal. Make sure to complete the Post. Ref. columns in the journal and ledger