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Carol Garcia started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Trixie

Carol Garcia started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May.

May 1 Trixie invested $6,000 cash in the business.
2 Paid $900 for office rent for the month.
3 Purchased $500 of supplies on account.
5 Paid $100 to advertise in the County News.
9 Received $4,100 cash for services performed.
12 Withdrew $1,100 cash for personal use.
15 Performed $5,000 of services on account.
17 Paid $2,100 for employee salaries.
20 Made a partial payment of $300 for the supplies purchased on account on May 3.
23 Received a cash payment of $3,800 for services performed on account on May 15.
26 Borrowed $5,400 from the bank on a note payable.
29 Purchased equipment for $4,100 on account.
30 Paid $250 for utilities.

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