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1 1-Jun-20 Bill Williams invested $200,000 in cash and office equipment that had a fair value of $48,000 in the business 2 1-Jun-20 Prepaid

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1 1-Jun-20 Bill Williams invested $200,000 in cash and office equipment that had a fair value of $48,000 in the business 2 1-Jun-20 Prepaid $14,400 cash for three months' rent for an office 3 2-Jun-20 Made a credit purchase of office equipment for $24,000 and office supplies for $4,800 4 6-Jun-20 Completed services for a client and immediately received $4,000 cash 5 9-Jun-20 Completed a $16,000 project for a client, who will pay within 30 days 6 10-Jun-20 Paid the accounts payable created on Jun2. 7 19-Jun-20 Paid $12,000 cash for the annual premium on an insurance policy 8 22-Jun-20 Received $12,800 as partial payment for the work completed on Jun9, 2020 9 25-Jun-20 Completed work for another client for $5,280 on credit 10 30-Jun-20 Bill withdrew $12,400 cash from the business for personal use 11 30-Jun-20 Purchased $1,600 of additional office supplies on credit 12 30-Jun-20 Paid $1,400 for the month's utility bill. Please use the four steps demonstration example as a reference to generate the financial statements (Income Statement and Balance Sheet)

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