w N 5 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 $22,350 cash in the business in exchange for common stock Paid $894 for office rent for the month. Purchased $745 of supplies on account. Paid $223 to advertise for the month in the County News. 9 Received $2,086 cash for services performed. 12 Paid $298 cash dividend. Performed $6,258 of services on account. 17 Paid $3,725 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $1,788 for services performed on account on May 15. Borrowed $7,450 from the bank on a note payable. Purchased office equipment for $7.980 paying $298 in cash and the balance on account Paid $268 for utilities 15 20 23 26 29 30 SPLISH BROTHERS INC. Balance Sheet May 31, 2017 Assets Current Assets Cash Accounts Receivable Equipment Total Current Assets $ Total Assets Liabilities and Stockholders' Equity Current Liabilities 1 I $