Maria Miller started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May, May 1 2 3 59 Trixie invested $7,500 cash in the business. Paid $850 for office rent for the month. Purchased $500 of supplies on account. Paid $130 to advertise in the County News. Received $4,400 cash for services performed. Withdrew $1,200 cash for personal use. 9 12 15 17 20 23 26 29 30 Performed $5,600 of services on account. Paid $2,600 for employee salaries. Made a partial payment of $300 for the supplies purchased on account on May 3. Received a cash payment of $4,100 for services performed on account on May 15. Borrowed $4,700 from the bank on a note payable. Purchased equipment for $4,000 on account. Paid $350 for utilities.