17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $4,000 for services provided on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased office equipment for $4,200 on account. 30 Paid $275 for utilities. Instructions: In your last assignment, you have shown the effects of the above transactions on the accounting equation using the following format. Assets Liabilities Owner's Equity Accounts Notes Accounts Owner's Owner's Date Cash + Receivable + Supplies + Equipment = Pavable + Pavable + Capital - Drawings + Revenues - Expenses