Nona Curry started her own consulting firm, Skysong, Inc, on May $1,2022.$ The following transactions occurred during the month of

May.

May $1$ Stackhalders invested $$18,150$ cash in the business in exchange for common stack.

$2$ 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 $$5,092$ 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 $15.$

$26$ Borrawed $$6,050$ from the bank on a nate payable.

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

$30$ Paid $$218$ 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 ar Stockholders' Equity, place a negative sign $($or

parentheses$)$ in fromt of the amount entered for the particular Asset, Liability ar Equity item that was reduced. See lllustrution $3-4$ for

example$)$