Sarah Allen started her own consulting firm, Blossom Consulting, on May 1, 2020. The following transactions occurred during the month of May.

May 1		Trixie invested $8,000 cash in the business.
2		Paid $850 for office rent for the month.
3		Purchased $500 of supplies on account.
5		Paid $170 to advertise in the County News.
9		Received $4,300 cash for services performed.
12		Withdrew $1,200 cash for personal use.
15		Performed $5,000 of services on account.
17		Paid $2,400 for employee salaries.
20		Made a partial payment of $300 for the supplies purchased on account on May 3.
23		Received a cash payment of $4,300 for services performed on account on May 15.
26		Borrowed $4,800 from the bank on a note payable.
29		Purchased equipment for $4,300 on account.
30		Paid $250 for utilities.

Assets Accounts Receivable MATRIX CONSULTING Liabilities Notes Payable i Accounts Payable Date Cash Supplies Equipment Expenses 1 8000 1 $ 2 -850 1 i i 850 3 500 i 500 5 -170 1 i i 170 9 4300 i i i 1 12 -1200 1 i 15 i 5000 i i 17 -2400 i 2400 20 -500 i -500 23 4300 -4300 26 4800 4800 i i 29 4300 4300 i 30 1 -250 250 $ 16030 $ 700 500 $ 4300 S 4800 4300 S 3670