4 6 Use the following information to answer Exercises E2-18 and E2-19. The following transactions occurred for Wilke Technology Solutions: May 1 The business received cash of $105,000 and issued common stock to Zoe Wilke. 2 Purchased office supplies on account, $550. Paid $57,000 cash for building and land. The building had a fair market value of $45,000. Performed services for customers and received cash, $3,600. Paid $350 on accounts payable. Performed services for customers on account, $3,500. Paid rent expense Group Problem solutionfor the month, $1,200. 20 Received $1,500 from customers for services to be performed next month. 21 Paid $900 for advertising in next month's IT Technology magazine. 23 Received $3,100 cash on account from a customer. 31 Incurred and paid salaries, $1,700. 9 17 19 E2-18 Analyzing and journalizing transactions Learning Objective 3 Journalize the transactions of Wilke Technology Solutions. Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies; Prepaid Advertising; Land; Building; Accounts Payable; Unearned Revenue; Common Stock; Service Revenue; Rent Expense; and Salaries Expense