2 The Recording Process 92 Jounale section despere a mad balamen P2-38 Richardson Services Ltd. was formed on May 1. 2017. The following transactions took place during the fine month Transactions on May 1: Shareholders invested 50,000 cash in exchange for ordinary shares. 2. Hired two employees to work in the warehouse. They will each be paid a salary of 800 per month. 3. Signed a 2-year rental agreement on a warehouse: paid 24,000 cash in advance for the first year Purchased furniture and equipment costing 30,000. A cash payment of 6,000 was made immediately; the remainder will be paid in 6 months. Paid 1,800 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month Purchased basic office supplies for E940 cash. Purchased more office supplies for 1,300 on account. Total revenues reconized were 18.000-15.000 cash and 13,000 on account. Paid 400 to suppliers for accounts payable due. men in payment of accrrents receivable. 11 Recessed alus bills in the sum of 260, to be paid next month. 12. Paid the monthly salaries of the two employees, totalling 5,600. Instructions Prepare journal entries to record each of the events listed. (Omit explanations.) counts (c) Preparestrial bolasoras of May 31, 2017 P2-48 The wal balance of Mueller SE shown below does not balance. Cash Accounts Receivable MUELLER SE Trial Balanc June 30, 2017 Debit Credit unts Payable Luned Service Revenue Share Capital-Orinary Dividends Ulities Experie the ledge and journal news b 750 2200 SUC 2380 17850