View Policies Current Attempt in Progress Sharon Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $11,800 cash in the business in exchange for common stock. 2. Purchased equipment for $5,900 cash. 3. Paid $472 cash for May office rent. 4. Paid $354 cash for supplies. 5. Incurred $295 of advertising costs in the Beacon News on account. 6. Performed repair services for customer for $5,546 cash. 7. Paid a $826 cash dividend. 8. Paid part-time employee salaries $1,180. 9. Paid utility bills $169. 10. Performed repair services worth $1,298 on account. 11. Collected cash of $134 for services billed in transaction (10). (a)