PLEASE BE VERY SPECIFIC

Barbara Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. 2. 3. 4. 5. 6. Stockholders invested $8,600 cash in the business in exchange for common stock. Purchased equipment for $4,300 cash. Paid $344 cash for May office rent. Paid $258 cash for supplies. Incurred $215 of advertising costs in the Beacon News on account. Performed repair services for customer for $4,042 cash. Paid a $602 cash dividend. Paid part-time employee salaries $860. Paid utility bills $121. Performed repair services worth $946 on account. Collected cash of $102 for services billed in transaction (10). 7. 8. 9. 10. 11. Assets Cash + Accounts Receivable Supplies + 1. ta $ 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. $ BARBARA REPAIR INC. Liabilities + Equipment Accounts Payable + Common Stock + $ $ $ $ $ $ Stockholders' Equity Retained Earnings Expenses Revenues Dividends $ $ $