Nona Curry started her own consulting firm, Marin Inc., on May 1, 2017. The following transactions occurred during the month of May:

May 1		Stockholders invested $16,950 cash in the business in exchange for common stock.
2		Paid $678 for office rent for the month.
3		Purchased $565 of supplies on account.
5		Paid $170 to advertise for the month in the County News.
9		Received $1,582 cash for services performed.
12		Paid $226 cash dividend.
15		Performed $4,746 of services on account.
17		Paid $2,825 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,356 for services performed on account on May 15.
26		Borrowed $5,650 from the bank on a note payable.
29		Purchased office equipment for $2,260 paying $226 in cash and the balance on account.
30		Paid $203 for utilities.

(a)

Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

MARIN INC.

Assets

=

Liabilities

+

Stockholders Equity

Date

Cash

+

Accounts Receivable

+

Supplies

+

Equipment

=

Notes Payable

+

Accounts Payable

+

Common Stock

+

Retained Earnings

Revenues

Expenses

Dividends

May 1

$

$

$

May 2

Rent Expense

May 3

May 5

Advertising Expense

May 9

Service Revenue

May 12

Dividends

May 15

Service Revenue

May 17

Salaries and Wages Expense

May 20

May 23

May 26

May 29

May 30

Utilities Expense

$

$

$

$

=

$

$

$

$

$

$