View Policies Current Attempt in Progress Maria Repair Inc. was started on May 1. A summary of May transactions is presented below. 1 2. 3. 4. 5. 6. 7. 8. 9. 10. 11 Stockholders invested $9,200 cash in the business in exchange for common stock Purchased equipment for $4,600 cash. Paid $368 cash for May office rent. Paid $276 cash for supplies. Incurred $230 of advertising costs in the Beacon News on account. Performed repair services for customer for $4,324 cash. Paid a $644 cash dividend. Paid part-time employee salaries $920. Paid utility bills $130. Performed repair services worth $1,012 on account Collected cash of $108 for services billed in transaction (10). (a) Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Accounts Receivable Supplies 1. $ $ 2. Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction results in 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.) Assets Cash Accounts Receivable Supplies 1. $ $ $ $ 2. 3. 4. 5. 6. 7. 8. 9 10. 11