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Donna Clark started her own consulting firm, Donna Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1
Donna Clark started her own consulting firm, Donna Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 Donna invested $6,800 cash in the business. 2 Paid $950 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $140 to advertise in the County News. 6 Received $3.800 cash for services performed. 12 Withdrew $1,000 cash for personal use. 15 Performed $5,800 of services on account. 17 Paid $2,700 for employee salaries. 20 23 26 Made a partial payment of $300 for the supplies purchased on account on May 3. Received a cash payment of $3,800 for services performed on account on May 15. Borrowed $4,800 from the bank on a note payable. 29 Purchased equipment for $4,500 on account. 2222 30 Paid $300 for utilities. Date 1 2 3 59 12 15 17 $ 20 23 26 29 Cash Accounts Receivable Supplies Equipm 6800 $ -950 -140 3800) 1000 -2700 -300 3800 4800 5800 3800 500 Equipment $ 4500 Notes Payable 4800 $ Accounts Payable Owner's Capital 500 300 4500 6800 Owner's Capital Owner's Drawings Revenues Expenses 6800 1000 3800 5800 950 140 2700
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