this question requires journal entries.

Starting in May 2017, Nicole decided that she has everything she needs to open her doors to customers. To keep up with competition, Nicole has added items such as gift certificates and has started to advertise her company more and put things into place to keep her business going in the long term. Here is a sample of some transactions that occurred in the month of May at Nicole's Getaway Spa. May 1 Paid $4,500 cash for an insurance policy that covers the period from June 1 until May 31 next year. May 4 Ordered five new massage tables from Spa Supplies Unlimited for $400 each for future delivery. May 7 Provided $1,160 of spa services to customers on account. May 10 Purchased spa supplies for $1,100 on account to use at Nicole's Getaway Spa. May 13 Received a bill for $120 for running an advertisement in the newspaper in May; bill was paid in cash. May 16 Paid one-quarter of the amount owed from May 10. May 19 Sold $2,650 of gift certificates to customers for cash. May 20 obtained financing from the bank by signing a $7,250 note payable. May 22 Received two of the massage tables ordered on May 4 and paid cash for the two tables. May 25 Paid $650 cash for utility bills for services received and billed in May. Required: For each ofthe transactions, prepare journal entries using the date of the transaction as the reference. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet (D Paid $4,500 cash for an insurance policy that covers the period from June 1 until May 31 next year. Note: Enter debits before credits. May01