Lisa Anderson started
Lisa Anderson started her own consulting firm, Anderson Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholder invested $19,500 cash in the business in exchange for common stock. 2 Paid $780 for office rent for the month. 3 Purchased $650 of supplies on account. 5 Paid $195 to advertise for the month in the County News. 9 Performed services for customers for $1,820 cash. 12 Paid $260 cash dividend. 15 Performed $5,460 of services on account. 17 Paid $3,250 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,560 for services performed on account on May 15. 26 Borrowed $6,500 from the bank on a note payable. 29 Purchased office equipment for $2,600 paying $260 in cash and the balance on account. 30 Paid $244 for utilities. Show the effects of the above transactions on the
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