3-5B Bob Royce incorporated Royce Consulting, an accounting 2014. During the first month of operations, these events and transactions urred. tice, on May Stockholders invested $100,000 cash in...

Extracted text: 3-5B Bob Royce incorporated Royce Consulting, an accounting 2014. During the first month of operations, these events and transactions urred. tice, on May Stockholders invested $100,000 cash in exchange for common stock th corporation. Hired a secretary-receptionist at a salary of $2,500 per month. 3 May 1 Purchased $800 of supplies on account from Pickering Supply Company. Paid office rent of $1,400 for the month. Completed a tax assignment and billed client $2,500 for services performed. Received $4,200 advance on a management consulting engagement. Received cash of $3,300 for services completed for Woodman Co. 7 11 12 17 Paid secretary-receptionist $2,500 salary for the month. Paid 50% of balance due Pickering Supply Company. 31 31 The company uses the following chart of accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Unearned Service Revenue, Common Stock, Service Revenue, Salaries and Wages Expense, and Rent Expense. Instouetions. ☺ Poepare. trausoctions, The May should be cash t Acounts deceivale + Accouuts Tabulooi aualysis of The coleonta heading a payable+Stock holdosis squity. S PhotoGrid