Please answer part b

Problem 2-03A a-c (Part Level Submission) Sunland Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $40,000 cash in the company, as its sole owner. 2. Hired two employees to work in the warehouse. They will each be paid a salary of $3,500 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $21,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $32,200. A cash payment of $12,000 was made immediately; the remainder will be paid in 6 months. 5. Paid $1,600 cash for a one-year insurance policy on the furniture and equipment. Transactions during the remainder of the month: 6. Purchased basic office supplies for $500 cash. 7. Purchased more office supplies for $1,500 on account. 8. Total revenues earned were $20,200-$8,200 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,000 from customers in payment of accounts receivable. 11. Received utility bills in the amount of $300, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $7,000. Your answer is partially correct. Try again. Prepare journal entries to record each of the events listed. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles Debit Credit 1. Cash 40000 Owner's Capital 40000 2. Salaries and Wages Payable 3500 Salaries and Wages Expense 3500 3. Prepaid Rent 21000 Cash 21000 4. Equipment 32200 Cash 12000 Accounts Payable 20200 5. Prepaid Insurance 1600 Cash 1600 6. Supplies 500 Salaries and Wages Expense 500 7. Supplies 1500 Accounts Payable 1500 8. Cash 500 Accounts Receivable 500 Service Revenue 9. Accounts Payable 400 Cash 400 10. Cash 3000 Accounts Receivable 3000 11. Utilities Expense 300 Salaries and Wages Payable 300 12. Salaries and Wages Expense 7000 Cash 7000 Click if you would like to Show Work for this question: Open Show Work (b) Post the journal entries to T-accounts. (Post entries in the order of journal entries presented in the previous question.) Cash . . + Accounts Receivable Supplies . Prepaid Insurance Prepaid Rent Equipment Accounts Payable Owner's Capital Service Revenue Owner's Capital . Service Revenue Salaries and Wages Expense Utilities Expense Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS