You work as the accounting supervisor at ABC Company. Prepare general journal entries for the following transactions occurred in May 2023 (explanations are NOT required): May 1 Issued common stock for cash: 200,000 shares at $2 each. 1 Paid $6,000 for a 6-month insurance policy for the warehouse. 3 Purchased equipment through a bank loan, $75,000. 5 Purchased office supplies, on account, $1,800. 12 Received $30,000 from customers in advance for services provided later. 19 Paid 50% for the office supplies purchased on 5 May. 22 Paid $500 for repair and maintenance of the equipment. 25 Received from customers, $20,000, for services already provided in April. 28 Paid utility bill for April, $2,000. 31 Paid salaries to employees, $16,000.