More info May 2 Simmons Services received $64,000 cash and issued common stock to the stockholders. May 3 May 4 May 7 May 11 Purchased supplies, $500, and equipment, $11,300, on account. Performed services for a customer and received cash, $5,700. Paid cash to acquire land, $39,000. Performed services for a custotier and billed the customer, $4,100. Simmons expects to collect within one month. May 16 Paid for the equipment purchased May 3 on account. May 17 Paid for newspaper advertising, $550. May 18 Received partial payment from customer on account, $2,000. May 22 Received and paid the water and electricity bills, $380. May 29 Received $2,500 cash for servicing the heating unit of a customer.. May 31 Paid employee salaries, $1,800. May 31 Declared and paid dividends of $1,900. Print Done