Wickers Restoration Services had the following transactions on May. 1. Received $48,000 from sale of common stock.
2. Paid rent on office for the month, $880.
3. Purchased supplies on account, $1,750.
4. Earned fees, receiving cash, $12,600.
5. Paid creditor on account, $1,000.
6. Paid automobile expenses for month, $375, and miscellaneous expenses, $250.
7. Paid office salaries for the month, $3,900.
8. Earned fees which the customer will pay next month, $2,400.
9. Determined that the cost of supplies used was $280.
10. Paid dividends, $2,400.