Oriole Company was started on May 1. A summary of May transactions is presented as follows. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 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). K

Oriole Company was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $16,000 cash in the business in exchange for common stock. 2. Purchased equipment for $4,500 cash. 3. Paid $200 cash for May office rent. 4. Paid $400 cash for supplies. 5. Incurred $250 of advertising costs in the Beacon News on account. 6. Received $4,600 in cash from customers for repair service: 7. Declared and paid a $1,100 cash dividend. 8. Paid part-time employee salaries $1,200 9. Paidutility bills $130. 10. Performed repair services worth $1,030 on account. 11. Collected cash of $110 for services billed in transaction