Problem 2-7A Preparing and posting journal entries; preparing a trial balance LO3, 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: May 1 Invested 572,000in eanh and office equipesent that had a fair value of 545,000 in the businetis. 1 Prepaid $11,500 canh for three montha rent for an office. 2 Made credit parchasen of office equipment for $22,500 and offlce mupplien for 54,500 6 Completed a report on hiring solations for a elient and collected 57,700 eash. 9 Completed a $15,700 project inplenenting a training progran for a elient, who vili pay within j0 dayn. 16. Paid half of the aecount payable ereated on May 2. 19 Paid 57,200 canb for the annual premidim on an insurance policy. 22 recelved $12,500 an partial payment tor the work completed on May 9. 25 Developed a pertormance revien process for another elient tor $4,980 on oredit. 25. Paid mages for May totalling 532,500. 31 Withdrew 54,700 cash from the bueiness to take a krip to Paris in Juse. 31 Purchased 51,450 of addieional of f ice supplies on eredit. 31 Paid 51,370 for the month's utility bi11. \begin{tabular}{|l|l|c|c|c|} \hline \multicolumn{5}{|c|}{ 690: Utilities Expense } \\ \hline Date & PR & Debit & Credit & Balance \\ \hline & G1 & & & \\ \hline & G1 & & & \\ \hline & G1 & & & \\ \hline \end{tabular}