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Date 1 3 5 9 Khalid started his own consulting firm, KH Consulting, on May 1, 2020. The following transactions occurred during the month of May. Transaction details Khalid invested $7,000 cash in the business. Paid $900 cash for office rent for the month. Purchased 5600 of supplies on account Paid $125 cash to advertise in the County News. Received $4,000 cash for services performed Withdrew $1,000 cash for personal use. Performed $5,400 of services on account Paid $2,500 for employee salaries 26 Borrowed $5,000 from the bank on a note payable Purchased equipment for $4,200 on account Instructions Enter the transactions in the Journal. May 12 15 17 29 Date Account Titles and Explanation Debit Credit May, 1 2 3 12 15 17 26 29