Luz Care is owned and operated by Debbie Gonzalez the sole stockholder. During May 2011 Luz Care entered into the following transactions:
A. Debbie Gonzalez invested $20000 in Luz Care in exchange for capital stock.
B. Paid $7200 on May 1 for an insurance premium of a 1-year policy.
C. Purchased suppliers on account $1200
D. Received fees of $32500 during May
E. Paid expenses as follows: wages $8000; rent 2500; utilities $1000; and miscellaneous $850.
F. Paid dividends of $3000.
Record the preceding transactions using the integrated financial statement framework. After each transaction you should enter a balance for each item.
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