After several months of planning, Layla Westhood started a haircutting business called The Cuthair. The following events occurred during its first month:

a. On April 1, Westhood put $6,000 cash into a checking account in the name of The Cuthair. She also invested $30,000 of equipment that she already owned.

b. On April 2, she paid $1,200 cash for furniture for the shop.

c. On April 3, she paid $1,000 cash to rent space in a strip mall for August.

d. On April 4, she furnished the shop by installing the old equipment and some new equipment that she bought on credit for $2, 400. This amount is to be repaid in three equal payments at the end of April, May, and June.

e. On April 5, The Cuthair opened for business. Receipts from cash sales in the first week and a half of business (ended April 15) were $1,650.

f. On April 17, Westhood paid $250 to an assistant for working during the grand opening.

g. Cash receipts from sales during the second half of April were $1,860.

h. On April 30, Westhood paid an installment on the account payable.

i. On April 30, she withdrew $1,800 cash for her personal use.

REQUIRED:

1. ARRANGE, THE ACCOUNTING TABLE.
2. PREPARE A BALANCE SHEET FOR APRIL.
3. PREPARE GENERAL JOURNAL ENTRIES.
4. POST THE JOURNAL ENTRIES TO THE LEDGER ACCOUNTS.
5. PREPARE A TRIAL BALANCE AS OF APRIL .
6. PREPARE CASHFLOW STATEMENT.

Can you please explain detailed.