Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $ 20,775 cash in the business in exchange for common stock. 2 Paid $ 831 for office rent for the month. 3 Purchased $ 692 of supplies on account. 5 Paid $ 208 to advertise in the County News. 9 Received $ 1,939 cash for services performed. Paid $ 277 cash dividend. 12 15 Performed $5,817 of services on account. 17 Paid $3,462 for employee salaries. 20 23 Paid for the supplies purchased on account on May 3. Received a cash payment of $ 1,662 for services performed on account on May 15. Borrowed $6,925 from the bank on a note payable. 26 29 Purchased office equipment for $ 2,770 paying $ 277 in cash and the balance on account. 30 Paid $ 249 for utilities. Assets Date Cash + Accounts Receivable + Supplies 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 Liabilities + Equipment = Notes Payable + Accounts Payable + Common Stock $ $ $ Stockholders' Equity Retained Earnings Revenues Expenses Dividends B B $