May 1 1 H.W no. 1 (Question no. 2) Farid Fahim started Fahim Consulting, a new business, and completed the following transactions during its first month of operations. F. Fahim invested $40,000 cash in the company. The company rented a furnished office and paid $2,200 cash for May's rent. 3 The company purchased $1,890 of office equipment on credit. 5 The company paid $750 cash for this month's cleaning services. 8 12 The company provided consulting services for a client and immediately collected $5,400 cash. The company provided $2,500 of consulting services for a client on credit. 15 The company paid $750 cash for an assistant's salary for the first half of this month. 20 22 25 26 27 The company received $2,500 cash payment for the services provided on May 12. The company provided $3,200 of consulting services on credit. The company received $3,200 cash payment for the services provided on May 22. The company paid $1,890 cash for the office equipment purchased on May 3. The company purchased $80 of advertising in this month's (May) local paper on credit; cash payment is due June 1.