Nona Curry started her own consulting firm, Metlock, Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 Stockholders invested $18,750 cash in the business in exchange for common stock.
2 Paid $750 for office rent for the month.
3 Purchased $625 of supplies on account.
5 Paid $187 to advertise in the County News.
9 Received $1,750 cash for services performed.
12 Paid $250 cash dividend.
15 Performed $5,250 of services on account.
17 Paid $3,125 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $1,500 for services performed on account on May 15.
26 Borrowed $6,250 from the bank on a note payable.
29 Purchased office equipment for $2,500 paying $250 in cash and the balance on account.
30 Paid $225 for utilities.

Required:
Show the effects of the previous transactions on the accounting equation.