Please solve this question

Jounmlize transactions, post, and prepare a trial balance. (LO 1, 2. 3. 4) (c) Trial balance totals $81 .480 P2-3A Maquoketa Services was formed on May 1, 2017. The following transactions took place during the rst 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 $3,050 per month. 3. Signed a 2year rental agreement on a warehouse; paid $24,000 cash in advance for the rst year. 4. Purchased furniture and equipment costing $30,000. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months. 5. Paid $1,800 cash for a oneyear insurance policy on the furniture and equipment. Transactions during the remainder of the month: 6. Purchased basic ofce supplies for $420 cash. 7. Purchased more ofce supplies for $1,500 on account. 8. Total revenues earned were $20,000$8,000 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 $380, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $6,100. Instructions (a) Prepare journal entries to record each of the events listed. (Omit explanations.) (b) Post the journal entries to Taccounts. (c) Prepare a trial balance as of May 31, 2017