Nona Curry started her own consulting firm, Sage Hill Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $17,325 cash in the business in exchange for common stock. 2 Paid $693 for office rent for the month. 3 Purchased $578 of supplies on account. 5 Paid $173 to advertise in the County News. 9 Received $1,617 cash for services performed. 12 Paid $231 cash dividend. 15 Performed $4,851 of services on account. 17 Paid $2,888 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,386 for services performed on account on May 15. 26 Borrowed $5,775 from the bank on a note payable. 29 Purchased office equipment for $2,310 paying $231 in cash and the balance on account. 30 Paid $208 for utilities. Assets Date Cash + Accounts Receivable + Supplies + Equipment = Notes Pay May 1 $ May 2 May 3 May 5 May 9 May 12 May 15 May 17 May 20 May 23 May 26 May 29 May 30 SAGE HILL INC. Liabilities + Stockholders = Notes Payable + Accounts Payable + ayable Common Stock Revenues Expenses $ Stockholders' Equity Stock + Retained Earnings Revenues Expenses Dividends