The following transactions occurred for Webster Technology Solutions:

The following transactions occurred for Webster Technology Solutions: (Click the icon to view the transactions.) Journalize the transactions of Webster Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Building, Land; Accounts Payable; Unearned Revenue; Webster, Capital; Service Revenue; Rent Expense; Salaries Expense. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1: The business received cash of $100,000 and gave capital to Zeke Webster. Date Accounts and Explanation Debit Credit May 1 May 2: Purchased office supplies on account, $450. Date Accounts and Explanation Debit Credit May 2 May 4: Paid $56,000 cash for building and land. The building had a fair market value of $46,000. Prepare a compound entry. Date Accounts and Explanation Debit Credit May 4 May 6: Performed services for customers and received cash, $2,600. Date Accounts and Explanation Debit Credit May 6 May 9: Paid $150 on accounts payable. Date Accounts and Explanation Debit Credit May 9 May 17: Performed services for customers on account, $2,900. Date Accounts and Explanation Debit Credit May 17 May 19: Paid rent expense for the month, $1,500. Date Accounts and Explanation Debit Credit May 19 May 20: Received $1,000 from customers for services to be performed next month. Date Accounts and Explanation Debit Credit May 20 May 21: Paid $200 for advertising in next month's IT Technology magazine. Date Accounts and Explanation Debit Credit May 21 May 23: Received $2,400 cash on account from a customer. Date Accounts and Explanation Debit Credit May 23 May 31: Incurred and paid salaries, $900. Date Accounts and Explanation Debit Credit May 31 May 1 The business received cash of $100,000 and gave capital to Zeke Webster 2 Purchased office supplies on account, $450. 4 Paid $56,000 cash for building and land. The building had a fair market value of $46,000. 6 Performed services for customers and received cash, $2,600. 9 Paid $150 on accounts payable. 17 Performed services for customers on account, $2,900. 19 Paid rent expense for the month, $1,500. 20 Received $1,000 from customers for services to be performed next month. 21 Paid $200 for advertising in next month's IT Technology magazine. 23 Received $2,400 cash on account from a customer. 31 Incurred and paid salaries, $900