Below are the transactions for Broncho Landscaping Masters, Inc. for the month of May 2018. This is the company's first month of operation. Its owner is a retired University of Central Oklahoma professor who wants to take time to smell the roses. a. May 1-Invested $10,000 cash and an SUV valued at $25,000 to start Broncho Landscaping Masters, Inc. The business issued 5,000 shares of no-par common stock in exchange for these assets. b. May 3-Borrowed $30,000 from Last National Bank. The loan is due in 1 year and has an interest rate of 12%. c. May 5--Purchased a work truck from Charles Gray Motors for $6,000 cash. d. May 5-The Corporation purchased a six-month insurance policy for $2,400 and charged the amount to an asset account. May 7-Performed landscape services for Peaceful Rest Cemetery and received $1,300 e. cash. f. May 8--Completed a $7,200 landscaping job and billed Mercy Rest Home for the amount due. g. May 15--Paid employee salaries of $1,400. h. May 16--Received $1,920 from Judge Judy for planting a rose garden. i. May 17-Received $9,000 from Rest Well Cemetery for an annual maintenance contract. The amount was charged to a revenue account. j. May 18-Received a check from Mercy Rest Home for the full amount due. k. May 19-Received a bill from Edmond Telephone Company for $250. I. May 19-Received an electric bill from Edmond Light and Power for $750. m. May 20--Purchased fuel for the SUV and truck on credit for $225. n. May 21--Paid office rent of $1,800. o. May 21--Purchased office supplies from Staples for $750 cash and recorded them in an inventory account p. May 22-Paid the telephone bill and the electric bill. q. May 25--Paid $95 to Slow-Joe Lube Company for auto service r. May 30-Received cash of $2,300 for several landscaping jobs s. May 31--Paid a cash dividend of $1,500