Record journal entries for each of the transactions in the May Transactions table. MAY TRANSACTIONS Date Transaction Details 5/1 Molly invested $50,000 to open Mother Molly's Childcare. 5/2 Spent $11,000 on furniture for use in the childcare facility. Purchased $1,450 of supplies from a local office supply store on account. 5/8 Established a petty cash fund containing $400. 5/12 Purchased $350 of children's snacks on account. Mother Molly's Childcare treats this as a Miscellaneous Expense. 5/13 Purchased advertising in a local newspaper for $505 cash. 5/15 Paid employees. Gross wages for the first half of the month: $3,000. Federal income tax withholding: $337. State income tax withholding: $130. Life insurance premiums withheld: $65. Applicable SUTA and FUTA tax rates for employees: 5.4% and 0.6%, respectively. To date, no single employee has reached the Social Security, FUTA, or SUTA tax thresholds. 5/15 The company determined that revenue for the first half of the month totaled $7,350. Of this, $4,000 was paid in cash; the remainder is owed. 5/17 Paid $800 of the amount owed from the May 2 purchase of supplies. 5/19 Received $1,200 of the amount owed from the revenue recorded on May 15. 5/22 Received $2,000 cash from a