Fredonia Repair Inc. was started on May 1. A summary of May transactions is presented below. Prepare a tabular analysis of the transactions. I inlcuded pictures of the table I am supposed to fill out, however it was too big and is therefore present in two pictures. An accompanying explanation would be appreciated.

Problem 1-1A (Part Level Submission) Fredonia Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $15,500 cash in the business in exchange for common stock. 2. Purchased equipment for $6,000 cash 3. Paid $200 cash for May office rent 4. Paid $500 cash for supplies 5. Incurred $150 of advertising costs in the Beacon News on account. 6. Received $5,200 in cash from customers for repair service. 7. Declared and paid a $1,600 cash dividend 8. Paid part-time employee salaries $800 9. Paid utility bills $160 10. Performed repair services worth $1,040 on account. 11 Collected cash of $120 for services billed in transaction