May 1 Stockholders invested $25000 cash in exchange for common stock.2 Hired a s

May 1 Stockholders invested $25000 cash in exchange for common stock.2 Hired a secretary-receptionist at a salary of $2000 per month.3 Purchased $2500 of supplies on account from Read Supply Company.7 Paid office rent of $900 cash for the month.11 Completed a tax assignment and billed client $2100 for services provided.12 Received $3500 advance on a management consulting engagement.17 Received cash of $1200 for services completed for H. Arnold Co.31 Paid secretary-receptionist $2000 salary for the month.31 Paid 40% of balance due Read Supply Company.Jane uses the following chart of accounts: No. 101 Cash No. 112 Accounts Receivable No. 126 Supplies No. 201 Accounts Payable No. 205 Unearned Revenue No. 311 Common Stock No. 400 Service Revenue No. 726 Salaries Expense and No. 729 Rent Expense.Instructions(a) Journalize the transactions.(b) Post to the ledger accounts.(c) Prepare a trial balance on May 31 2008.