Karen White started her own consulting firm, White Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $15,600 cash in the business in exchange for common stock. 2 Paid $624 for office rent for the month. 3 Purchased $520 of supplies on account. 5 Paid $156 to advertise for the month in the County News. 9 Performed services for customer for $1,456 cash. 12 Paid $208 cash dividend. 15 Performed $4,368 of services on account. 17 Paid $2,600 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1.248 for services performed on account on May 15. 26 Borrowed $5,200 from the bank on a note payable. 29 Purchased office equipment for $2,080 paying $208 in cash and the balance on account. 30 Paid $192 for utilities. be repaid within the year. Include margin explanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Date Cash Accounts Receivable May 1 $ May 2 May 3 May 5 May 9 May 12 May 15 May 17 Assets Supplies Equip May 17 May 20 May 23 May 26 May 29 May 30 $ $ $ Equipment Notes Payable WHITE CONSULTING INC. Liabilities Accounts Payable Common Stock $ Revenues Stockholders' Equity Retained Earnings Expenses Dividends