Wong Computer had the following transactions during the month of May. Purchased equipment on account for $8,000. Paid $1,600 for rent for the month of May. Performed computer services for $3,800 on account. Paid Buffalo Hydro $300 cash for utilities used in May. Borrowed $20,000 from the bank. Paid supplier for equipment purchased in transaction (1). Purchased a one-year insurance policy for $500 cash. Received $3,000 cash in partial payment of the account owed in transaction (3). Declared and paid $500 of dividends to stockholders. Paid incomes taxes of $250 for the month. Instructions Journalize the above transactions. Do not provide explanations