J. D. Simpson started The Simpson Co., a new business that began operations on May 1. The Simpson Co. completed the following transactions during its first month of operations. May I J. D. Simpson invested $60,000 cash in the company. 1 The company rented a furnished office and paid $3,200 cash for May's rent. 3 The company purchased $1,680 of office equipment on credit. 5 The company paid $800 cash for this month's cleaning services. 8 The company provided consulting services for a client and immediately collected $4,600 cash. 12 The company provided $3,000 of consulting services for a client on credit. 15 The company paid $850 cash for an assistant's salary for the first half of this month. 20 The company received $3,000 cash payment for the services provided on May 12. 22 The company provided $2,800 of consulting services on credit. 25 The company received $2,800 cash payment for the services provided on May 22 . 26 The company paid $1,680 cash for the office equipment purchased on May 3 . 27 The company purchased $60 of advertising in this month's (May) local paper on credit; cash payment is due June 1. 28 The company paid $850 cash for an assistant's salary for the second half of this month. 30 The company paid $200 cash for this month's telephone bill. 30 The company paid $480 cash for this month's utilities. 31 J. D. Simpson withdrew $1,200 cash from the company for personal use. Required 1. Arrange the following asset, liability, and equity titles in a table like Exhibit 1.9: Cash; Accounts Receivable; Office Equipment; Accounts Payable; J. D. Simpson, Capital; J. D. Simpson, Withdrawals; Revenues; and Expenses