Current Attempt in Progress Windsor, Inc. was started on May 1. A summary of May transactions is presented as follows: 1. 2. 3. 4. 5. 6. Stockholders invested $23,500 cash in the business in exchange for common stock Purchased equipment for $4,000 cash. Paid $200 cash for May office rent. Paid $600 cash for supplies. Incurred $150 of advertising costs in the Beacon News on account. Received $4,900 in cash from customers for repair service. Declared and paid a $1,400 cash dividend. Paid part-time employee salaries $1,200. Paid utility bills $140. Performed repair services worth $1,020 on account. Collected cash of $110 for services billed in transaction (10). 7. 8 9. 10. 11 (a) Prepare a tabular analysis of the transactions. Revenue is called Service Revenue. (If a transaction causes a decrease Liabilities or Stockholders'Equity, place a negative sign (or parentheses) in front of the amount entered for the particular A or Equity item that was reduced. See Illustration 1-8 for example.) Accounts Cash Receivable Supplies Equ 1. $ $ $ 2. 3. N 10. 11. $ Equipment Payable Stock Revenues $ $ $ 5 Expenses Dividends $ VA