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(a) Date Cash Supplies Accounts Receivable Delivery Van Accounts Payable Notes Payable Jenny Ball, Reason for Changes Capital in Capital F May 1 Jenny invested

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(a) Date Cash Supplies Accounts Receivable Delivery Van Accounts Payable Notes Payable Jenny Ball, Reason for Changes Capital in Capital F May 1 Jenny invested 520.000 in cash into the business 1 Paid $500 for office rent for the month 2. Purchased a used van for deliveries of vaccums for $12,000 Cash of $3,000 was paid with the remaining amount on a signed note 5 Performed 55,400 of repair services on account 9 Purchased supplies for $150 on account 15 Received a cash payment 51.250 for the services which were performed on Mays 17 Purchased gasoline for 5100 on account 20 Received cash for repair services performed, $1.500 23 Made a cash payment of $500 on the Note Payable 26 Paid $250 for utilities used this month 29 Paid for the gasoline purchased on account on May 17 30 paid $1,100 to employees for salaries for this month. 30 Withdrew $200 cash for personal use. (b) On a separate sheet, show the 3 Financial Statements (C) What is the Liability to Equity Ratio. Please form an opinion as to what this tells us about the health of this business F

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