May

1

Invested $78,000 in cash and office equipment that had a fair value of $51,000 in the business.

Prepaid $15,300 cash for three months' rent for an office.

2

Made credit purchases of office equipment for $25,500 and office supplies for $5,100.

6

Completed a report on hiring solutions for a client and collected $8,300 cash.

1. Completed a $16,300 project implementing a training program for a client, who will pay within 30 days.
2. Paid half of the account payable created on May 2.

19 Paid $7,800 cash for the annual premium on an insurance policy.

22

Received $13,100 as partial payment for the work completed on May 9.

25

Developed a performance review process for another client for $5,580 on credit.

25 Paid wages for May totalling $35,500.

31

Withdrew $5,300 cash from the business to take a trip to Paris in June.

31

Purchased $1,750 of additional office supplies on credit.

31

Paid $1,430 for the month's utility bill.