Betty Harris started her own consulting firm, Harris Consulting Inc., on May 1, 2027. The following transactions occurred during the month of May. May 1 Stockholders invested $15,900 cash in the business in exchange for common stock. 2 Paid $636 for office rent for the month. 3 Purchased $530 of supplies on account. 5 Paid $159 to advertise for the month in the County News. 9 Performed services for customer for $1,484 cash. 12 Paid $212 cash dividend. 15 Performed $4,452 of services on account. 17 Paid $2,650 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of \$1,272 for services performed on account on May 15. 26 Borrowed $5,300 from the bank on a note payable. 29 Purchased office equipment for $2,120 paying $212 in cash and the balance on account. 30 Paid $196 for utilities