May $1$ The business received cash of $$100,000$ and issued common stock to Adam Webster.

May $2$ Purchased office supplies on account, $$770.$

May $4$ Paid $$50,000$ cash for building and land. The building had a fair market value of $$40,000.$

May $6$ Performed services for customers and received cash, $$2,500.$

May $9$ Paid $$520$ on accounts payable.

May $17$ Performed services for customers on account, $$2,600.$

May $19$ Paid rent expense for the month, $$700.$

May $20$ Received $$1,100$ from customers for services to be performed next month.

May $21$ Paid $$1,100$ for advertising in next month's IT Technology magazine.

May $23$ Received $$1,800$ cash on account from a customer.

May $31$ Incurred and paid salaries, $$1,400.$