2 3 5 Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2017. The following transactions occurred during the month of May: May 1 Stockholders invested $22,350 cash in the business in exchange for common stock. Paid $894 for office rent for the month. Purchased $745 of supplies on account. Paid $223 to advertise for the month in the County News. Received $2,086 cash for services performed. Paid $298 cash dividend. Performed $6,258 of services on account Paid $3,725 for employee salaries. Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,788 for services performed on account on May 15. Borrowed $7,450 from the bank on a note payable. Purchased office equipment for $2,980 paying $298 in cash and the balance on account Paid $268 for utilities 9 12 15 17 20 26 29 30 SPLISH BROTHERS INC. Income Statement $