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Nona Curry started her own consulting firm, Splish Brothers Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $22,350 cash in the business in exchange for common stock. 2 Paid $894 for office rent for the month. 3 Purchased $745 of supplies on account. 5 Paid $223 to advertise in the County News. 9 Received $2,086 cash for services performed. 12 Paid $298 cash dividend. 15 Performed $6,258 of services on account. 17 Paid $3,725 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,788 for services performed on account on May 15. 26 Borrowed $7,450 from the bank on a note payable. 29 Purchased office equipment for $2,980 paying $298 in cash and the balance on account. 30 Paid $268 for utilities. Date Cash + Accounts Receivable + Supplies Equipment = Not May 1 $ 22350 May 2 -894 May 3 745 May 5 - 223 May 9 2086 May 12 -298 May 15 6258 May 17 -3725 May 20 - 745 May 23 1788 -1788 May 26 7450 May 29 -298 2980 May 30 -268 27223 4470 745 2980 e Textbook and Media Stockholders' Equity Retained Earnings penses Dividends Dividends -894 Service Revenue Dividends Rent Expense Utilities Expense -298 Dividends Dividends -3725 Salaries and Wages Expense 4 Dividends Salaries and Wages Expense 4 Rent Expense Dividends -268 Dividends -5110

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