The journal of Ward Technology Solutions,includes the following entries for May, 2012: May 1 The business received cash of $75,000 and and gave capital to the owner. 2 Purchased supplies of $500 on account. 4 Paid $53,000 cash for a building. 6 Performed service for customers and received cash, $2,600. 9 Paid $400 on accounts payable. 17 Performed service for customers on account, $2,500. 23 Received $1,900 cash on account from a customer. 31 Paid the following expenses: salary, $1,100; rent, $900. Requirements 1. Describe each transaction. For example, the May 4 transaction description could be