Transactions on May 1: 1. Jay Bradford invested $40,000 cash in the compary, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,500 per month. 3. Signed a 2-year rental agreement on a warehouse: paid $21,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $32,200. A cash payment of $12,000 was made immediately: the remainder will be puid in 6 weeks: 5. Paid $1,600 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month: 6. Purchased basic office supplies for $500 cash. 7. Purchased more office supplies for $1,500 on account. 8. Total revenues earned were $20,200$8,200 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,000 from customers in payment of accounts receivable. 11. Recelved utility bills in the amount of $300, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $7,000. No. Account Titles Debit Credit 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. C education.wiley com/was/ui/v2/question-player/index htmilrenderMode readOnly \&question/d =aBc222200ec147e3b343bd15719d15ad&questio YouTube My Drive-Google woiks cited Grammaily [I] istor 9 Microsoft Office Ho. 8. 9. 10. 11. 12