Concord Corporation was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $20,000 cash in the business in exchange for common stock. 2. Purchased equipment for $5,500 cash. 3. Paid $300 cash for May office rent. 4. Paid $300 cash for supplies. 5. Incurred $200 of advertising costs in the Beacon News on account. 6. Recelved $5,400 in cash from customers for repair service. 7. Dectared and paid a \$1,000 cash dividend. 8. Paid part-time employeesalaries 5900 , An analysis of transactions for Windsor, Inc., a certified public accounting tirm, for the month of August is as follows. Assume that August is the company's first month of business. Concord Corporation was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $20,000 cash in the business in exchange for common stock. 2. Purchased equipment for $5,500 cash. 3. Paid $300 cash for May office rent. 4. Paid $300 cash for supplies. 5. Incurred $200 of advertising costs in the Beacon News on account. 6. Recelved $5,400 in cash from customers for repair service. 7. Dectared and paid a \$1,000 cash dividend. 8. Paid part-time employeesalaries 5900 , An analysis of transactions for Windsor, Inc., a certified public accounting tirm, for the month of August is as follows. Assume that August is the company's first month of business