Sat, Jun 27, 2020,4:12:22 PM (America/Los Angeles -07:00) Question 17 View Policies Current Attempt in Progress Metlock, Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $13,500 cash in the business in exchange for common stock. 2. Purchased equipment for $6,000 cash. 3. Paid $400 cash for May office rent. 4. Paid $600 cash for supplies. 5. Incurred $350 of advertising costs in the Beacon News on account. 6. Received $4,100 in cash from customers for repair service. 7. Declared and paid a $1,400 cash dividend. 8. Paid part-time employee salaries $1.100. 9. Paid utility bills $130. 10. Performed repair services worth $990 on account. 11. Collected cash of $100 for services billed in transaction (10). O Guest Assets Mette Accounts Cash Recelvable Supplies Equipment 1. $ 2. 3. 4. 5. 6. 7. 00 SO