Josefina Delgado, a retired military officer, opened Delgado’s Catering Service. As her accountant, analyze the transactions listed next and present them in proper form.
a. The analysis of the transactions by using the expanded accounting equation.
b. A balance sheet showing the position of the firm before opening for business on May 31, 202X.
c. An income statement for the month of June.
d. A statement of owner’s equity for June.
e. A balance sheet as of June 30, 202X.

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202X May 25 Josefina Delgado invested $33,000 in the catering business from her personal savings account. 27 Bought equipment for cash from Connelley Co., $1,600. 28 Bought additional equipment on account from Keegan Co., $2,100. 29 Paid $200 to Keegan Co. as partial payment of the May 28 transaction. (You should now prepare your balance sheet as of May 31, 202X.) June 1 Catered a graduation and immediately collected cash, $2,400. Paid salaries of employees, $690. 5 8 Prepared desserts for customers on account, $175. 10 Received $120 cash as partial payment of June 8 transaction. Paid telephone bill, $60. 15 17 Paid her home electric bill from the company's checkbook, $90. 20 Catered a wedding and received cash, $1,900. 25 Bought additional equipment on account, $800. 28 Rent expense due but unpaid, $500. 30 Paid supplies expense, $550.