Nona Curry started her own consulting firm, Sage Hut Inc. on May 1, 2017. The following transactions occurred during the month of May May 1 2 3 S 15 Stockholders invested $17,325 cash in the business in exchange for common stock. Paid $693 for office rent for the month. Purchased 5578 of supplies on account. Paid S173 to advertise in the County News Received $1617 cash for services performed. Paid $231 cash dividend. Performed $4,851 of services on account. Paid $2,888 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $1,386 for services performed on account on May 15. Borrowed $5,775 from the bank on a note payable. Purchased office equipment for $2.310 paying $231 in cash and the balance on account Paid S208 for utilities 12 20 23 26 29 30 SAGE HILL INC. Income Statement For the Month Ended May 31, 2017 : Revenues Cash 21.101 Expenses Rent Expense Advertising Expense Salaries and Wages Expense TA Utilities Expense Total Expenses