Sandhill Inc.'s general ledger at April 30, 2018, included the following: Cash $4,800; Supplies $500; Equipment $24,100;
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd5ebbce_20566764dd5bf917.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd6725d4_20666764dd6439d8.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd71012c_20666764dd6b3ec3.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd7b51be_20766764dd774ebc.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd828b94_20866764dd803529.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd8b40ab_20866764dd88da39.jpg)
Sandhill Inc.'s general ledger at April 30, 2018, included the following: Cash $4,800; Supplies $500; Equipment $24,100; Accounts Payable $2,400; Unearned Revenue (from gift certificates) $900; Bank Loan Payable $9,000; Common Shares $5,300; and Retained Earnings $11,800. The following transactions occurred during May:
May
1
Paid rent for the month of May, $1,000.
4Paid $1,100 of the account payable outstanding at April 30.
7
Issued gift certificates for future services for $1,500 cash.15Received $2,000 from customers for services performed to date.
15Paid $1,200 in salaries to employees.
17
Customers receiving services worth $800 used gift certificates in payment.
18
Paid the remaining accounts payable from April 30.
22
Purchased supplies of $800 on account.24
Received a bill for advertising for $500. This bill is due on June 22.
25
Received and paid a utilities bill for $500.28
Received $2,300 from customers for services performed.
29Customers receiving services worth $700 used gift certificates in payment.
30Interest of $50 was paid on the bank loan.
31Paid $1,300 in salaries to employees.
31
Paid income tax instalment for the month, $150.
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd930014_20966764dd904c30.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dd99d4c5_20966764dd97af8e.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dda1d09b_20966764dd9e85a2.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764dda83a0b_21066764dda61615.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764ddb048a5_21066764ddacd642.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/66764ddbc5a8d_21166764ddb62159.jpg)