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Snickers started a pet service company on May 1 . Snickers Company completed the following transactions in his pet service business for the month of

Snickers started a pet service company on May 1.
Snickers Company completed the following transactions in his pet service business for the month of May:
May 1 Snickers started his business by transferring cash from his personal bank account to an account used for the business, $100,000.
May 1 Purchased a $5000 nail clipping machine on account
May 1 Paid three months rent of $3,000
May 2 Bought supplies on account, $1000
May 2 Paid the premiums on property and casualty insurance, $1200
May 10 Received $1500 cash from a client for an advanced payment for services to be performed in the future.
May 12 Billed client for services performed, $5,000.
May 15 Received $4,000 from a client for services performed on the same day.
May 16 Paid for supplies invoice purchased on the 2nd
May 17 Paid employees' salaries, $400.
May 19 Received payment from client who was billed on the 12th
May 25 Paid electric bill, $200.
May 27 Paid for employee pizza party, $100
May 28 Paid $1000 toward the nail clipping machine invoice
May 31 Snickers withdrew $2000 for personal use
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