Metlock, Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $20,000 cash in the business in exchange for common stock. 2. Purchased equipment for $5,500 cash. 3. Paid $300 cash for May office rent. 4. Paid $300 cash for supplies. 5. Incurred $200 of advertising costs in the Beacon News on account. 6. Received $5,400 in cash from customers for performing repair service. 7. Paid a $1,000 cash dividend. 8. Paid part-time employee salaries $900 9 Paid utility bills $140 10. Performed repair services worth $930 on account. 11. Collected cash of $130 for services billed in transaction