Exercise 3-10 The May transactions of Novak Corp. were as follows. May 4 7 8 9 17 22 29 Paid $850 due for supplies previously purchased on account. Performed advisory services on account for $6,900. Purchased supplies for $850 on account. Purchased equipment for $2,050 in cash. Paid employees $610 in cash. Received bill for equipment repairs of $890. Paid $1,210 for 12 months of insurance policy. Coverage begins June 1. Exercise 3-10 The May transactions of Novak Corp. were as follows. May 4 7 8 9 17 22 29 Paid $850 due for supplies previously purchased on account. Performed advisory services on account for $6,900. Purchased supplies for $850 on account. Purchased equipment for $2,050 in cash. Paid employees $610 in cash. Received bill for equipment repairs of $890. Paid $1,210 for 12 months of insurance policy. Coverage begins June 1