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A number of business transactions carried out by Inspirational Bathrooms LTD. are as follows May1 Caroline invested $ 9,000 in Inspirational Bathrooms and received 900
A number of business transactions carried out by Inspirational Bathrooms LTD. are as follows May1 Caroline invested $ 9,000 in Inspirational Bathrooms and received 900 shares of stock. May2 Purchased a bathroom tools & equipments for $3,800 cash. May8 Purchased a Van for $18,000 through issuing a note payable May11 Purchased some repair materials for $500 on account. May15 Submitted a bill for repairservices, $3,000. expected to collect the amount within 3 weeks May28 Paid 230 of its accounts payable. May29 Recorded bath repairing services provided during May of $560. All clients made cash payments May31 Paid rent of the shop $ 120 Required a. Prepare the income statement of Inspirational Bathrooms for the month ended May 31, 2012. b.Prepare the company's statement of retained earnings for the month ended May 31, 2012. b.Prepare the company's balance sheet at May 31, 2012. Assets Liabilities Owner's Equity Accounts: Dates Bal
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