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Complete the following with suitable amounts and particulars. Cullumber Company was started on May 1. A summary of May transactions is presented as follows. 1.

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Complete the following with suitable amounts and particulars. image text in transcribed

image text in transcribed Cullumber Company was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $10,000 cash in the business in exchange for common stock. 2. Purchased equipment for $4,000 cash. 3. Paid $200 cash for May office rent. 4. Paid $300 cash for supplies. 5. Incurred $150 of advertising costs in the Beacon News on account. 6. Received $3,700 in cash from customers for repair service. 7. Declared and paid a $1,000 cash dividend. 8. Paid part-time employee salaries $800. 9. Paid utility bills $120. 10. Performed repair services worth $880 on account. 11. Collected cash of $100 for services billed in transaction (10). May

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