This exercise continues with the business of Sensations Salon, Inc., begun in the continuing exercise in Chapter 1. Instead of entering the transactions in the accounting equation as you did in Chapter 1, now you will account for Sensations Salon, Inc.'s transactions in the general journal. Sensations Salon, Inc., completed the following transactions during May:

May 1 Received $1,500 and issued 500 shares of common stock to Sharmaine Crosswhite.

Deposited this amount in a bank account in the name of Sensations Salon. Inc.

3 Purchased on account styling chairs, $1,600, and professional clippers. $308.

The equipment is expected to remain in service for three years.

5 Purchased $125 of supplies. Wrote check #1 from the new bank account.

6 Performed services for clients on account, $375.

17 Completed services for clients, received cash $275.

28 Paid the utility bill, $65. Wrote check #2 from the new bank account.

30 Received $150 on account from services performed on May 6.

Requirements

1. Journalize the transactions. Explanations are not required.

2. Prepare a trial balance at May 31, 2016.