The business received cash of $86,000 and issued common stock to Zeke Ward. May 2 Purchased office supplies on account, $560. May 4 Paid $58,000 cash for building and land. The building had a fair market value of $46,000. May 6 Performed services for customers and received cash, $3,200. May 9 Paid $360 on accounts payable. May 17 Performed services for customers on account, $3,700. May 19 Paid rent expense for the month, $1,000. May 20 Received $1,800 from customers for services to be performed next month. May 21 Paid $600 for advertising in next month's IT Technology magazine. May 23 Received $3,100 cash on account from a customer. May 31 Incurred and paid salaries, $1,700. pop-up content ends