Cullumber Computer Corporation had the following opening account balances at the end of April: Cash $4,000; Accounts Receivable $6,000; Accounts Payable $2.500; Common Shares $5,000; and Retained Earnings $2.500.it entered into the following transactions during the month of May: 5. oooo ya pwNr. Purchased equipment on account for $7,800. Paid $2.100 for rent for the month of May. Provided computer services for $4,200 on account. Paid Ontario Hydro $500 cash for utilities used in May. Borrowed $19.500 from the bank Paid supplier for equipment purchased in transaction 1. Purchased a one-year accident insurance policy for $500 cash. Received $2.800 cash in partial payment of the account owed in transaction 3. Declared and paid $500 of dividends to shareholders. Paid income tax of $250 for the month Cullumber Computer Corporation had the following opening account balances at the end of April: Cash $4,000; Accounts Receivable $6,000; Accounts Payable $2.500; Common Shares $5,000; and Retained Earnings $2.500.it entered into the following transactions during the month of May: 5. oooo ya pwNr. Purchased equipment on account for $7,800. Paid $2.100 for rent for the month of May. Provided computer services for $4,200 on account. Paid Ontario Hydro $500 cash for utilities used in May. Borrowed $19.500 from the bank Paid supplier for equipment purchased in transaction 1. Purchased a one-year accident insurance policy for $500 cash. Received $2.800 cash in partial payment of the account owed in transaction 3. Declared and paid $500 of dividends to shareholders. Paid income tax of $250 for the month