Maisie Taft started her own consulting firm, Maisie Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 Maisie invested $7.000 cash in the business. 2 Paid $900 for office rent for the month. 3 Purchased $800 of supplies on account. 5 Paid $125 to advertise in the County News. 9 Received $4,000 cash for services performed. 12 Withdrew $1,000 cash for personal use. 15 Performed $6.400 of services on account. 17 Paid $2,500 for employee salaries. 20 Made a partial payment of $600 for the supplies purchased on account on May 3. 23 Received a cash payment of $4,000 for services performed on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased equipment for $4,200 on account. 30 Paid $275 for utilities. (a) Showilie effects of the previous transactions on the accounting sulation if a transaction results in a decrease in Assets, Liablities or Owners Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset Llability or Equity item that was reduced. See Illustration 1-8 for example.)