Question 6 Nona Curry started her own consulting firm, Metlock, Inc, on May 1, 2017. The following transactions occurred during the month of May. May 1 Stockholders invested $18,750 cash in the business in exchange for common stock 2 Paid $750 for office rent for the month. 3 Purchased $625 of supplies on account. 5 Paid $187 to advertise for the month in the County News 9 Received $1,750 cash for services performed 12 Paid $250 cash dividend. 15 Performed $5,250 of services on account. 17 Paid $3,125 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,500 for services performed on account on May 15. 26 Borrowed $6,250 from the bank on a note payable 29 Purchased office equipment for $2,500 paying $250 in cash and the balance on account 30 Paid $225 for brities Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. (If a transaction causes a decrease in Assets, Labinties or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) CALCULATOR PONTEVERSION 4K NE Date Cash Accounts Receivable Supplies Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Revenues Expenses Dividende May 1 May 2 Rent Expense May 3 May 5 Advertising Expense May 9 Service Revenue May 12 Dividende May 15 Service Revenue May 17 Salaries and wages Expense May 20 May 22 May 26 May 29 May 30 ultes Expense