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2. The following transactions of Maple Realtors were completed during May of the current year: May 1 Joe Maple created Maple Realtors by investing $15,000

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2. The following transactions of Maple Realtors were completed during May of the current year: May 1 Joe Maple created Maple Realtors by investing $15,000 cash. 2 Paid a total of $500 for office rent for May. 3 Purchased office supplies for $80 cash. 4 Purchased office equipment for $125 on account 5 Billed clients $2,000 for brokerage service rendered. 8 Collected amounts billed to clients in the amount of $1,500. 10 Took out an advertising costing $50 in a local newspaper, paying $10 in cash and recording the balance of $40 as an accounts payable 11 Made a $25 payment on accounts payable for office equipment purchased in May 4. 12 Received $600 from a client as an advance payment for four month's service in managing some rental property. 15 Joe Maple withdrew $200 for personal use. 18 Collected accounts receivable in the amount of $500 20 Paid $255 for an attorney's fee for legal services rendered. 25 paid $75 for utilities for the month. 28 Paid the secretary's salary of $850 for the month. 29 Received $2,500 in cash for brokerage fees earned. 31 Paid $500 in advance for a one-year insurance policy. Required: Provide the necessary entries to record the above transactions

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