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Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2027. The following transactions occurred during the month of May. May 1 12 2 9 15 20 23 3 5 17 26 29 30 Stockholders invested $15,000 cash in the business in exchange for common stock. Paid $600 for office rent for the month. Purchased $500 of supplies on account. Paid $150 to advertise for the month in the County News. Performed services for customer for $1,400 cash. Paid $200 cash dividend. Performed $4,200 of services on account. Paid $2,500 for employee salaries. Paid for the supplies purchased on account on May 3. Received a cash payment of $1,200 for services performed on account on May 15. Borrowed $5,000 from the bank on a note payable. Purchased office equipment for $2,000 paying $200 in cash and the balance on account. Paid $180 for utilities.

Nona Curry started her own consulting firm, Curry Consulting Inc, on May 1, 2027. The following transactions occurred during the month of May. May 1 Stockholders invested $15,000 cash in the business in exchange for common stock. 2 Paid $600 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $150 to advertise for the month in the County News. 9 Performed services for customer for $1,400 cash. 12 Paid $200 cash dividend. 15 Performed $4,200 of services on account. 17 Paid $2,500 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,200 for services performed on account on May 15. 26 Borrowed $5,000 from the bank on a note payable. 29 Purchased office equipment for $2,000 paying $200 in cash and the balance on account. 30 Paid $180 for utilities. Prepare an income statement for the month of May 2027

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