Oriole Company was started on May $1.$ A summary of May transactions is presented as follows.

Stockholders invested $$16,000$ cash in the business in exchange for common stock.

Purchased equipment for $$4,500$ cash.

Paid $$200$ cash for May office rent.

Paid $$400$ cash for supplies.

Incurred $$250$ of advertising costs in the Beacon News on account.

Received $$4,600$ in cash from customers for repair service.

Declared and paid a $$1,100$ cash dividend.

Paid part$-$time employee salaries $$1,200.$

Paid utility bills $$130.$

Performed repair services worth $$1,030$ on account.

Collected cash of $$110$ for services billed in transaction $(10).$