Nona Curry started her own consulting firm, Oriole Consulting Inc., on May 1, 2025. The following transactions occurred during the month of May.

May 1 Stockholders invested $18,150 cash in the business in exchange for common stock.

2 Paid $726 for office rent for the month.

3 Purchased $605 of supplies on account.

5 Paid $182 to advertise in the County News.

9 Received $1,694 cash for services performed.

12 Paid $242 cash dividend.

15 Performed $5,082 of services on account.

17 Paid $3,025 for employee salaries.

20 Paid for the supplies purchased on account on May 3.

23 Received a cash payment of $1,452 for services performed on account on May 15.

26 Borrowed $6,050 from the bank on a note payable.

29 Purchased office equipment for $2,420, paying $242 in cash and the balance on account.

30 Paid $218 for utilities.

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. Include margin explanations for any changes in Retained Earnings.)

Prepare an income statement for the month of May 2025.

Prepare a classified balance sheet at May 31, 2025. (list current assets in order of liquidity).

Nona Curry started her own consulting firm, Oriole Consulting Inc., on May 1, 2025. The following transactions occurred during the month of May. May 1 Stockholders invested $18,150 cash in the business in exchange for common stock. 2 Paid $726 for office rent for the month. 3 Purchased $605 of supplies on account. 5 Paid $182 to advertise in the County News. 9 Received $1,694 cash for services performed. 12 Paid $242 cash dividend. 15 Performed $5,082 of services on account. 17 Paid $3,025 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,452 for services performed on account on May 15. 26 Borrowed $6,050 from the bank on a note payable. 29 Purchased office equipment for $2,420 paying $242 in cash and the balance on account. 30 Paid $218 for utilities. 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. Include margin explanations for 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. Include margin explanations for any ahamuan in Datainad Eareninum 1 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. Include margin explanations for any changes in Retained Earnings.) 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. Include margin explanations for any changes in Retained Earnings.) Dranaro an inrome ctatement for the menth of M M 005 ORIOLE CONSULTING INC. Balance Sheet May 31, 2025 Assets Current Assets Cash Accounts Receivable Supplies Total Current Assets Equipment Total Assets Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 14663 \begin{tabular}{|r|} \hline \\ \hline \end{tabular} $ 23254 Stockholders' Equity