and also a income statement for all
Lisa Anderson started her own consulting firm, Anderson Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Stockholders invested $19,500 cash in the business in exchange for common stock. Paid $780 for office rent for the month. Purchased $650 of supplies on account Paid $195 to advertise for the month in the County News. Performed services for customer for $1.820 cash Paid $260 cash dividend. Performed $5,460 of services on account. Paid $3,250 for employee salaries. Paid for the supplies purchaseden account on May 3. Received a cash payment of 51560 for services performed on account on May 15. Borrowed $6.500 from the bank on a note payable. Purchased office equipment for $2,600 paying $260 in cash and the balance on account Paid $244 for utilities 17 20 23 26 29 30 Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. Include margin explanations for any changes in revenues or expenses. Of a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) Assets Date Cash Accounts Receivable Supplies May 1 S S May 2 May 3 May 5 May May 12 May 15 May 17 I May 20 May 28 May 20 May 2: May 30 Show the effects of the above transactions on the accounting equation using the following format Assume the note payable is to be repaid within the year. Include margin aplanations for any changes in revenues or expenses. (1fa transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ANDERSON CONSULTING INC. Liabilities Equipment Notes Payable Accounts Payable Co s I Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid within the year. Include margineplanations for any changes in revenues or expenses. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Libility or Equity item that was reduced) Stockholders' Equity Retained Earnings Common Stock Revenues Expenses Di I $ how the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to repaid within the year. Include margin explanations for any changes in revenues or expenses. (If a transaction results in e Trease in Assets, Liabilities or Stockholders' Equity place a negative signs for parentheses) in front of the amount entered for the particular set, Liability or Equity item that was reduced) Stockholders' Equity Retained Earnings nues Expenses Dividends > > > > >
