| May 1 | | R. Santiago invested $40,000 cash in the business. |
| 2 | | Sold merchandise to Lawrie Co. for $6,300 cash. The cost of the merchandise sold was $4,200. |
| 3 | | Purchased merchandise for $7,700 from J. Moskos using check no. 101. |
| 14 | | Paid salary to H. Rivera $700 by issuing check no. 102. |
| 16 | | Sold merchandise on account to K. Stanton for $900, terms n/30. The cost of the merchandise sold was $630. |
| 22 | | A check of $9,000 is received from M. Mangini in full for invoice 101; no discount given. |