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Current Attempt in Progress Marigold Corp. was started on May 1. A summary of May...

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Accounting

Current Attempt in Progress Marigold Corp. was started on May 1. A summary of May transactions is presented as follows. Stockholders invested $11,000 cash in the business in exchange for common stock. Purchased equipment for $6,000 cash. Paid $400 cash for May office rent. Paid $600 cash for supplies. Incurred $350 of advertising costs in the Beacon News on account. Received $3,800 in cash from customers for repair service. Declared and paid a $1,000 cash dividend. Paid part-time employee salaries $1,100. Paid utility bills $160. Performed repair services worth $920 on account. Collected cash of $110 for services billed in transaction

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