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 theCounty 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.

E CALCULATOR PRINTER VERSION 4 BACK m 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, Stockholdels' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) __ Assets = Llabllltles + Stockholders' Equlty Date Cash + R:::::e + Supplles + Equipment = P2337378 + c::::1:s + 05.33: n + Retalned Earnlngs Revenues 7 Expenses 7 m May 1 $ 3; s May 2 ' ' Rent Expe May 3 . May 5 Advertising May 9 ' Service Re May 12 7 7 7 7 7 Dividends May 15 777777 7 77' 77 7 7 77 777777 7 7 77777777777777 7777777777 77777 7 7777777 7777777 77 7777777777 Service Re May 17 Salaries ar May 20 May 23 WMBYWZWGW WWWWWWWWW, W WWWW WW W W W W WW WW WWW WW W WW WWW , WWW W W W W WWW WW , WW W WW W W W W WWWW License Aoreement I Privacy Policv I 2000-2018 John Wiley & Sons, Inc. All Riahts Reserved. A Division of John Wilev & Sons. Inc. Version 4.24.4.5