Question: Problem 2-03A a-c (Part Level Submission) Bramble Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on

Problem 2-03A a-c (Part Level Submission) Bramble Services was formed on May 1, 2020. The following transactions took place during the first month. Transactions on May 1: 1. Jay Bradford invested $39,000 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 $2,600 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $20,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $30,500. A cash payment of $10,000 was made immediately, the remainder will be paid in 6 months. 5. Paid $1,800 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 $400 cash. 7. Purchased more office supplies for $1,300 on account. 8. Total revenues earned were $20,500-58,500 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,100 from customers in payment of accounts receivable 11. Received utility bills in the amount of $400, to be paid next month. 12. Paid the monthly salaries of the two employees, totaling $5,200. VPLUS PLUS Weygandi, Accounting Principles, 13e 12. Had the month OUROS lanes of the two employees, 15,200. Prepare journal entries to record each of the events listed. (Credit accountitles are automatical Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINE TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT
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