Nancy Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. 2. 3. Stockholders invested $10,200 cash in the business in exchange for common stock. Purchased equipment for $5,100 cash. Paid $408 cash for May office rent. Paid $306 cash for supplies. Incurred $255 of advertising costs in the Beacon News on account. Performed repair services for customer for $4,794 cash. 4. 5. 6. 7. Paid a $714 cash dividend. 8. 9. Paid part-time employee salaries $1,020. Paid utility bills $145. Performed repair services worth $1,122 on account. Collected cash of $118 for services billed in transaction (10). 10. 11. Assets Cash Accounts Receivable Supplies E 1. $ $ $ $ 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. $ Liabilities Equipment Accounts Payable Common Stock Revenues $ $ $ $ Stockholders' Equity Retained Earnings Expenses Revenues Dividends $