P3-2A Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2017. The following transactions occurred during the month of May May 1 Stockholders invested $15,000 cash in the business in exchange for com- mon stock. 2 Paid $600 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $150 to advertise in the County News 9 Received $1,400 cash for services performed. 12 Paid $200 cash dividend. 15 Performed $4,200 of services on account. 17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,200 for services performed on account on May 15. Borrowed $5,000 from the bank on a note payable. Purchased office equipment for $2,000 paying $200 in cash and the balance on account. Paid $180 for utilities. 26 29 30 Instructions (a) Show the effects of the previous transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year Ciney Brav, created a corporation pro iding legal serv ces, cndy ereas en July 1. 2014. On My 31 the beance sheet showed: Cash S 4,000 ; Accounts Receivable , 6 120Suppli" S 900 equip ment S SA20 Account 4 Paid $ 2,660 cash for accourts payable due 9 Perfermed services werth $5,940, of which s 3,510 is colected in cash and the belance s due in September 15 Purchesed addtionel office equipment for $ 4,200,paying s 430 in cash and the balance on account 19 9 Paid selaries s1,430, rent for August $ 790, and advetising expenses 23 Padeash dividend of $ 700 400 Prepare a tabuler analysis of the August trensactions beginning with July 31 balances(Iatransaction causes a decrease ie Assets, Lisbilities or Steckbolders' Equity, place a negative sign (er parentheses) m frer Pest endrnies in the order presented in the questien