Problem $2-7$A Preparing and posting journal entries; preparing a trial balance LO$3,4,5,6$

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 $2023$:

$31$:$08$

May $1$ Invested $$78,000$ in cash and office equipment that had a fair value of $$51,000$ in the business.

$1$ Prepaid $$15,300$ cash for three months' rent for an office.

$2$ Made credit purchases of office equipment for $$25,500$ and office supplies for $$5,100.$

$6$ Completed a report on hiring solutions for a client and collected $$8,300$ cash.

$9$ Completed a $$16,300$ project implementing a training program for a client, who will pay within $30$ days.

$10$ Paid half of the account payable created on May $2.$

$19$ Paid $$7,800$ cash for the annual premium on an insurance policy.

$22$ Received $$13,100$ as pantial payment for the work completed on May $9.$

$25$ Developed a performance neview process for another client for $$5,580$ on credit.

$25$ Paid wages for May totalling $$35,500.$

$31$ Withdrell $$5,300$ cash from the business to take a trip to Paris in June.

$31$ Punchased $$1,750$ of additional of fice supplies on credit.

$31$ Paid $$1,430$ for the month's utility bil$1.$

Required:

Prepare journal entries to record the transactions.