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A&S Chambers opens a law office on May 1, 2021. During the first month of operations, the following transactions occurred. 1. A&S invested GHC11,000 in
A&S Chambers opens a law office on May 1, 2021. During the first month of operations, the following transactions occurred. 1. A&S invested GHC11,000 in cash in the law practice. 2. Paid GHC 800 for July rent on office space. 3. Purchased office equipment on acccunt GHC3,000. 4. Provided legal services to dients for cash GHC3,500. 5. Borrowed GHC1700 cash from a bark on a note payable. 6. Performed legal services for client on account GHC2,000 7. Paid monthly expenses: salaries GHC1500, utilities GHC300, and telephone GHC100. 8. A&S withdraws G-C1,000 cash for personal use. Instruction Prepare the four types of financial statement as at May 31 for A&S chambers
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