Problem 3-3

Nona Curry started her own consulting firm, Tamarisk, Inc., on May 1, 2017. The following transactions occurred during the month of May.

May 1		Stockholders invested $15,825 cash in the business in exchange for common stock.
2		Paid $633 for office rent for the month.
3		Purchased $528 of supplies on account.
5		Paid $158 to advertise for the month in the County News.
9		Received $1,477 cash for services performed.
12		Paid $211 cash dividend.
15		Performed $4,431 of services on account.
17		Paid $2,638 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,266 for services performed on account on May 15.
26		Borrowed $5,275 from the bank on a note payable.
29		Purchased office equipment for $2,110 paying $211 in cash and the balance on account.
30		Paid $190 for utilities.

TAMARISK, INC. Retained Earnings Statement For the Month Ended May 31, 2017For the Year Ended May 31, 2017May 31, 2017
Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues		$
AddLess : Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues
AddLess : Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues
Dividends Expenses Net Income / (Loss) Retained Earnings, May 1 Retained Earnings, May 31 Revenues Total Expenses Total Revenues		$