newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.meducation.com%2Fpaamweb2Findex.html 23%2Fregistration Fignup Gmail YouTube Maps assignment 1 Help Save & EX Submit 2 Elizabeth Wong has strong problem-solving skills and loves to work with people. After becoming a Certified Human Resources Professional (CHRP) and working for several companies, she opened her own business, HR Solutions. She completed the following transactions during May 2020 May 1 Invested $75,000 in cash and office equipment that had a fair value of $48,000 in the business. 1 Prepaid $14,400 cash for three months rent for an office. 2 Made credit purchases of office equipment for $24,000 and office supplies for 54,800. 6 Completed a report on hiring solutions for a client and collected $8,000 cash. 9 Completed a $16,000 project Implementing training program for a client, who will pay within 30 days. 10 Paid half of the account payable created on May 2. 19 Paid $7,500 cash for the annual premium on an insurance policy. 22 Received $12,see as partial payment for the work completed on May 9. 25 Developed a performance review process for another client for $5,200 on credit. 25 Paid wages for May totalling $34.000 31 withdrew $5,000 cash from the business to take a trip to Paris In June. 31 Purchased $1,600 of additional office supplies on credit. 31 paid $1,400 for the month's utility bill. Required: 1. Prepare journal entries to record the transactions View transaction list Journal entry worksheet 283. Complete the following accounts (use the balance column format or T-accounts): Cash (101): Accounts Receivable (106); Office Supplies (124); Prepaid Insurance (128); Prepaid Rent (131): Office Equipment (163); Accounts Payable (201): Elizabeth Wong. Capital (301): Elizabeth Wong. Withdrawals (302); Services Revenue (403): Wages Expense (623); and Utilities Expense (690). Post the entries to the accounts. (Record the transactions in chronological order.) 101: Cash Debit Date Credit Balance PR G1 G1 G1 G1 G1 G1 G1 G1 G1 106: Accounts Receivable PR Debit Credit Date Balance G1 G1 G1 G1 124: Office Supplies Date PR Debit credit Balance G1 G1 G1 128: Prepaid Insurance Debit Credit Date PR Balance G1 G1 G1 2 131: Prepaid Rent Debit Date Credit Balance PR G1 G1 G1 Dale Balance 163: Office Equipment PR Debit Credit G1 G1 G1 201: Accounts Payable YO 2 Balance 301: Elizabeth Wong. Capital PR Debit Credit G1 G1 G1 Dale Balance 302: Elizabeth Wong. Withdrawals PR Debit Credit G1 G1 G1 403: Services Revenue Debit Credit Balance 623: Wages Expense Date PR Debit Credit Balance G1 G1 G1 690: Utilities Expense Debit Credit Date PR Balance G1 G1 G1 4. Prepare a trial balance at May 31, 2020 HR SOLUTIONS Trial Balance May 31, 2020 Account Titles Debit Credit Totals $ 0 $ 0