Show Me How Calculator 2 The following transactions occurred during May: Invested cash in the business, $25,000. (b) Purchased a used van for cash, $6,000 (c) Purchased equipment on account, $4,000. (d) Received cash for services rendered, $7,500. (e) Paid cash on account owed from transaction (c), $2,300. Pald rent for the month, $850. (9) Paid phone bill, $230. (h) Earned revenue on account, $4,500. Purchased office supplies for cash, $160. 0) Paid wages to an assistant, $800.