Question

Nona Curry started her own consulting firm, Teal Mountain Inc., on May 1, 2017. The following transactions occurred during the month of May May 1 Stockholders invested $18,675 cash in the business in exchange for common stock. 2 Paid $747 for office rent for the month Purchased $622 of supplies on account. Paid $187 to advertise in the County News. 3 5 9 Received $1,743 cash for services performed. 12 Paid $249 cash dividend 15 Performed $5,229 of services on account. 17 Paid $3,112 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,494 for services performed on account on May 15 26 Borrowed $6,225 from the bank on a note payable 29 Purchased office equipment for $2,490 paying $249 in cash and the balance on account. 30 Paid $224 for utilities

Answer 1