Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2017. The following transactions occurred during the month of May: May 1 Stockholders invested $20,775 cash in the business in exchange for common stock 2 Paid $831 for office rent for the month 3 Purchased $692 of supplies on account. 5 Paid $208 to advertise for the month in the County News. 9 Received $1,939 cash for services performed. 12 Paid $277 cash dividend. 15 Performed $5,817 of services on account. 17 Paid $3,462 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,662 for services performed on account on May 15. 26 Borrowed $6,925 from the bank on a note payable. 29 Purchased office equipment for $2.770 paying $277 in cash and the balance on account. 30 Paid $249 for utilities. Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced.) Kof 2011 Date Assets Accounts Receivable + Cash Supplies + Equipment - Notes Payable May 1 $ May 2 May 3 May 5 May 9 May 12 May 15 May 17 May 20 May 23 May 26 May 29 May 30 SPLISH BROTHERS INC. Liabilities Accounts Payable Notes Payable + Common Stock Stockholders' Equity Retained Earnings Revenues Expenses Stockholders' Equity Retained Earnings Common Stock + Revenues Expenses Dividends Rent Expense Advertising Expense Service Revenue Dividends Service Revenue Salaries and Wages Expense Utilities Expense