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Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1

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Abdullah and Careem investors opened Campus Carpet Cleaning, Company. on September 1, 2012. During the first month of operations, the following transactions occurred. Sept. 1 Stockholders invested $20,000 cash in the business. 2 Paid $1,000 cash for store rent for the month of September. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in cash and signing a $15,000 note payable. Received bill from the Daily News for advertising the opening of the cleaning service, $200 10 15 Performed services on account for $6,200. 20 Paid a $ 700 cash dividend to stockholders. 30 Received $5,000 from customers billed on September 15. Instructions: A) Prepare tabular analyses. B) Prepare Income statement. C) Prepare retained earnings statement D) Prepare balance sheet

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