May-22 1 1 1 6 22 31 31 31 31 31 $ uChampion (UC) Shop commenced business on 1 May 2022. The following transactions occurred during the first month of operations: Jenny, the owner, invested cash into the business. 33000 Paid in cash for shop furniture. 6000 Prepaid in cash for a 6 month insurance policy effective from 1 May. 2160 9000 Acquired shop equipment of total value on following terms. Paid in cash for above shop equipment 3000 The rest of the balance to be paid in 30 days 6000 Jenny withdrew cash from the business bank account for personal 600 use. Total amount billed to customers for services provided during the month on following terms 24000 Received cash towards revenue 14400 Credit revenue to be received in cash in next month 9600 Paid May salary expenses in cash. 1800 Accrued operating expenses for May to be paid in June. 2700 Depreciation expense on equipment for month of May 330 Calculate and record the expired insurance premium for May. $? Required: Prepare the general journal entries to record the above transactions. 20 marks Narrations are required. Assume that GST does not apply