Problem 1-4A (Part Level Submission) Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2017. The following transactions occurred during the month of May May 1 Trixie invested $8,000 cash in the business. 2 Paid $850 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $170 to advertise in the County News. 9 Received $4,300 cash for services performed. 12 Withdrew $1,200 cash for personal use. 15 Performed $5,000 of services on account. 17 Paid $2,400 for employee salaries 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $4,300 for services performed on account on May 15 26 Borrowed $4,800 from the bank on a note payable. 29 Purchased equipment for $4,300 on account. 30 Paid $250 for utilities (a) 21 Your answer is partially correct. Try again. Show the effects of the previous transactions on the accounting equation, (If a transaction results in a decrease in Assets, Liabilities or Owners Equity, place a parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 1-8 for example.)