-/4 View Policies Current Attempt in Progress Cullumber Computer Corporation had the following opening account balances at the end of April: Cash $5,000; Accounts Receivable $6,500; Accounts Payable $2,500: Common Shares $5,000, and Retained Earnings $4,000. It entered into the following transactions during the month of May: 1 Purchased equipment on account for $8,400, 2 Paid $2.000 for rent for the month of May. 3. Provided computer services for $3,900 on account. A. Paid Ontario Hydro $300 cash for utilities used in May 5. Borrowed $19.800 from the bank d Paid supplier for equipment purchased in transaction 1 7. Purchased a one-year accident insurance policy for $500 cash 8 Received $2.700 cash in partial payment of the account owed in transaction 3 9. Declared and paid $500 of dividends to shareholders