Blue Spruce Corp. was started on May 1. A summary of May transactions is presented as follows. 1. Stockholders invested $15,000 cash in the business in exchange for common stock. 2. Purchased equipment for $4,500 cash. 3. Paid $600 cash for May office rent. 4. Paid $600 cash for supplies. 5. Incurred $200 of advertising costs in the Beacon News on account. 6. Received $5,300 in cash from customers for repair service. 7. Declared and paid a $1,300 cash dividend. 8. Paid part-time employee salaries $900. 9. Paid utility bills $120. 10. 11. Performed repair services worth $910 on account. Collected cash of $100 for services billed in transaction (10). Prepare a tabular analysis of the transactions. Revenue is called Service Revenue. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.) 1. $ 2. 3. Cash $ Assets Accounts Receivable Supplies + $ $ Equip