The following transactions occurred for Wilke Technology Solutions: (Click the icon to view the transactions) Read the requirement. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) May 1. The business received cash of $80,000 and issued common stock to Zoe Wilke. \begin{tabular}{ll} \hline May 1 & The business received cash of $80,000 and issued common stock to Zoe Wilke. \\ May 2 & Purchased office supplies on account, $770. \\ May 4 & Paid $50,000 cash for building and land. The building had a fair market value of \\ May 6 & $40,000. \\ May 9 & Performed services for customers and received cash, $2,500. \\ May 17 & Performed services for customers on account, $2,000 \\ May 19 & Paid rent expense for the month, $1,100 \\ May 20 & Received $1,600 from customers for services to be performed next month. \\ May 21 & Paid $700 for advertising in next month's IT Technology magazine. \\ May 23 & Received $1,300 cash on account from a customer. \\ May 31 & Incurred and paid salaries, $1,700 \end{tabular}