May $1$

Kerekes deposited$$ $$30,000$ cash into the business bank account.

May $3$

Kerekes completed legal work for a home builder. He charged the builder$$ $$5,000,$ not the$$ $$6,000$ the work was$$ worth, in order to earn more business from the builder.

May $5$

The business bought furniture from Ajax Furniture for$$ $$8,000,$ paying$$ $$2,000$ cash and promising to pay$$ $$1,000$ per month at the beginning of each month starting June$1,2019,$ for six months. Kerekes would like to expense the entire amount to reduce net income for tax reasons.

May $10$

The business signed a lease to rent additional space at a cost of$$ $$2,000$ per month. Kerekes will occupy the premises effective June$1,2019.$

May $18$

Determining that the business would need more cash in$$ June, Kerekes went to the bank and borrowed$$ $$20,000$ on a personal loan and transferred the money to the company.

May $25$

Kerekes purchased a painting for his home from one of his clients. He paid for the$$ $$3,000$ purchase with his personal credit card.

May $28$

Kerekes withdrew$$ $$5,000$ from the business. He used$$ $$2,000$ of the money to repay a portion of the loan arranged on May $18.$

May $31$

The business did legal work with a value of$$ $$10,000$ for Apex Computers Ltd$.$ Apex paid for the work by giving the company computer equipment with a selling price of$$ $$12,000.$