Toms Company, a retailer, had the following account balances as of April 30, 2017:

Debit Credit

Cash 8,050

Accounts Receivable 2,450

Building 30,000

Furniture 2,000

Accounts Payable 18,500

Capital Stock 15,000

Retained Earnings 9,000

Totals 42,500 42,500

During May, the company completed the following transactions.

May 3 Collected all of the accounts receivable

May 6 Paid one-half of the accounts payable

May 7 Providing services for $3,000 cash and $2,000 on account.

May 21 Issued additional capital stock for $1,000 cash.

May 23 Providing services for $3,750 cash.

May 25 Paid salaries of $1,000.

May 26 Paid rent of $250.

May 29 Purchased furniture for $250 cash.

Required:

Prepare the journal entry for each transaction.