Question: Four transactions that occurred during May are listed below. a. May 5: Borrowed cash of $40,000 from Middle State Bank. b. May 10: Made cash

Four transactions that occurred during May are listed below.
a. May 5: Borrowed cash of $40,000 from Middle State Bank.
b. May 10: Made cash sales of $28,500 to customers.
c. May 19: Paid salaries of $15,600 to employees for services performed.
d. May 22: Purchased and used $7,100 of supplies in operations of the business.
Required:
Prepare journal entries for the transactions.

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