Kimberly Young started her own consulting firm, Young Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Stockholders invested $18,900 cash in the business in exchange for common stock Paid $756 for office rent for the month. Purchased $630 of supplies on account. Paid $189 to advertise for the month in the County News. Performed services for customer for $1,764 cash. Paid $252 cash dividend. Performed $5,292 of services on account. Paid $3,150 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $1.512 for services performed on account on May 15. Borrowed $6,300 from the bank on a note payable. Purchased office equipment for $2,520 paying $252 in cash and the balance on account Paid $236 for utilities. 17 20 23 26 29 30 YOUNG CONSULTING INC. Balance Sheet Assets $ Liabilities and Stockholders' Equity $ >