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Karen White started her own consulting firm, White Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May

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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 29 30 Borrowed $5,200 from the bank on a note payable. Purchased office equipment for $2.080 paying $208 in cash and the balance on account. Paid $192 for utilities. Prepare a classified balance sheet at May 31, 2022. (List Current Assets in order of liquidity.) WHITE CONSULTING INC. Balance Sheet Assets $ Liabilities and Stockholders' Equity $

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