Kimberly Young started her own consulting firm, Crane Consulting, on May 1, 2020. The following transactions occurred during the month of May.

May 1Trixie invested $6,600 cash in the business.

2Paid $850 for office rent for the month.

3Purchased $600 of supplies on account.

5Paid $120 to advertise in the County News.

9Received $3,800 cash for services performed.

12Withdrew $1,200 cash for personal use.

15Performed $5,000 of services on account.

17Paid $2,100 for employee salaries.

20Made a partial payment of $400 for the supplies purchased on account on May 3.

23Received a cash payment of $4,100 for services performed on account on May 15.

26Borrowed $5,500 from the bank on a note payable.

29Purchased equipment for $4,000 on account.

30Paid $300 for utilities.