Cullumber Repair Inc. was started on May $1.$ A summary of May transactions is presented as follows.

Stockholders invested $$11,000$ cash in the business in exchange for common stock.

Purchased equipment for $$6,000$ cash.

Paid $$400$ cash for May office rent.

Paid $$600$ cash for supplies.

Incurred $$350$ of advertising costs in the Beacon News on account.

Received $$3,800$ in cash from customers for repair service.

Declared and paid a $$1,000$ cash dividend.

Paid part$-$time employee salaries $$1,100.$

Paid utility bills $$160.$

Performed repair services worth $$920$ on account.

Collected cash of $$110$ for services billed in transaction $(10).$