Trixie Maye started her own consulting fi rm, Matrix Consulting, on May 1, 2017. The following transactions occurred during the month of May.

1. May 1 Trixie invested $7,000 cash in the business.
2. Paid $900 for offi ce rent for the month.
3. Purchased $600 of supplies on account.
4. Paid $125 to advertise in the County News.
5. Received $4,000 cash for services performed.
6. Withdrew $1,000 cash for personal use.
7. Performed $5,400 of services on account.
8. Paid $2,500 for employee salaries.
9. Paid for the supplies purchased on account on May 3.
10. Received a cash payment of $4,000 for services performed on account on May 15.
11. Borrowed $5,000 from the bank on a note payable.
12. Purchased equipment for $4,200 on account.
13. Paid $275 for utilities.