Problem 2-03A a-c (Part Level Submission) Swifty 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 $2,500 per month. 3. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $29,700. A cash payment of $10,000 was made immediately; the remainder will be paid in 6 months. 5. Pald $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 $1,200 on account. 8. Total revenues earned were $19,700-$8,700 cash and $11,000 on account 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,200 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 $5,000. Prepare journal entries to record each of the events listed. (Credit account titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Account Titles Debit Credit 1. 2. 3. 4 5. 7. 10 11 12