Diana Kuhlmann started her own consulting firm, Kuhlmann Consulting Inc., on May 1, 2010. 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 $700 for office rent for the month.

3

Purchased $500 of supplies on account.

5

Paid $150 to advertise in the County News.

9

Received $1,000 cash for services provided.

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 $1,500 for services provided 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 $150 for utilities.