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The following transactions occurred during May: ( a ) Invested cash in the business, $ 2 4 , 9 7 3 . ( b )

The following transactions occurred during May:
(a) Invested cash in the business, $24,973.
(b) Purchased a used van for cash, $6,086.
(c) Purchased equipment on account, $3,884.
(d) Received cash for services rendered, $7,401.
(e) Paid cash on account owed from transaction (c), $2,124.
(f) Paid rent for the month, $848.
(g) Paid telephone bill, $265.
(h) Earned revenue on account, $4,302.
(i) Purchased office supplies for cash, $191.
(j) Paid wages to an assistant, $771.
(k) Purchased a one-year insurance policy, $1,089.
(I) Received cash from services performed in transaction (h),s3,524.
(m) Paid cash for gas and oil expense on the van, $175.
(n) Purchased additional equipment for 54,359, paying $1,664 cash and spreading the remaining payments over the next 10 mont
(o) Earned service fees for the remainder of the month of $3,449.52,051 in cash and $1398 on account.
(p) Withdrew cash at the end of the month, $2,784.
Determine the following information. Use the format provided belowi
a. Total revenue for the month
b. Total expenses for the month
c. Net income for the month
a. Wilhelm Kohl's original investment in the business
Net income for the month
Owner's drawing
Increase (decrease) in capital
= Ending owner's equity
b. End-of-month accounting equation:
Assets = Liabilities + Owner's Equity
=,x+,v
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