Jessi Paulis started a consulting firm, Paulis Consulting, on May 1, 2014. The following transactions occurred during the month of May. May 1 Paulis invested $8,000 cash in the business in exchange for stock. 2 Paid $800 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $50 to advertise in the County News. 9 Received $3,000 cash for services provided. 12 Declared and paid a $700 cash dividend. 15 Performed $3,300 of services on account. 17 Paid $2,100 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $2,000 for services provided on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased office equipment for $2,300 on account. 30 Paid $150 for utilities.