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Nancy Jackson started her own consulting firm, Jackson Consulting Inc,, on May 1 , 2 0 2 7 . The following transactions occurred during the

Nancy Jackson started her own consulting firm, Jackson Consulting Inc,, on May 1,2027. The following transactions occurred during
the month of May.
May 1 Stockholders invested $15,300 cash in the business in exchange for common stock.
2 Paid $612 for office rent for the month.
3 Purchased $510 of supplies on account.
5 Paid $153 to advertise for the month in the County News.
Performed services for customer for $1,428 cash.
12 Paid $204 cash dividend.
15 Performed $4,284 of services on account.
17 Paid $2,550 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $1,224 for services performed on account on May 15.
26 Borrowed $5,100 from the bank on a note payable.
29 Purchased office equipment for $2,040 paying $204 in cash and the balance on account.
30 Paid $188 for utilities.
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