Barbara Jones started her own consulting firm, Barbara Consulting, on May 1,2022 . The following transactions occurred during the month of May. May 1 Barbara invested $7,900 cash in the business. 2 Paid $750 for office rent for the month. 3 Purchased $700 of supplies on account. 5 Paid $120 to advertise in the County News. 9 Received $3,800 cash for services performed. 12 Withdrew $1,100 cash for personal use. 15 Performed $5,300 of services on account. 17 Paid $2,000 for employee salaries. 20 Made a partial payment of $500 for the supplies purchased on account on May 3. 23 Received a cash payment of $4,200 for services performed on account on May 15. 26 Borrowed $4,700 from the bank on a note payable. 29 Purchased equipment for $4,400 on account. 30 Paid $350 for utilities. Assets ELIZABETH BROWN, ATTORNEY AT LAW Owner's Equity