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1. Jay Bradford invested $40,000 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 $3,500 per month. 3. Signed a 2-year rental agreernent on a warehouse; paid $21,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $32,200. A cash payment of $12,000 was made immediately: the remainder will be paid in 6 weeks. 5. Paid $1,600 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 $500 cash. 7. Purchased more office supplies for $1,500 on account. 8. Total revenues earned were $20,200$8,200 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,000 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 $7,000 Prepare a trial balance as of May 31,2022. 1. Jay Bradford invested $40,000 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 $3,500 per month. 3. Signed a 2-year rental agreernent on a warehouse; paid $21,000 cash in advance for the first year. 4. Purchased furniture and equipment costing $32,200. A cash payment of $12,000 was made immediately: the remainder will be paid in 6 weeks. 5. Paid $1,600 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 $500 cash. 7. Purchased more office supplies for $1,500 on account. 8. Total revenues earned were $20,200$8,200 cash and $12,000 on account. 9. Paid $400 to suppliers for accounts payable due. 10. Received $3,000 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 $7,000 Prepare a trial balance as of May 31,2022

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