balance sheet

income statemant

cash flow statement

statement of retained earning

1 3 4 5 6 7 8 1-May-20 Jacob invested $40,000 cash and equipment worth $10,000 in the company 2 1. May 20 Hired one employee to work in the office for a salary 52.475 per month 2 May 20 Paid $3300 cash for a one year insurance policy 5.May-20 Signed a two year rental agreement on an office and paid S80 cash Hot want for the Mayent and bar wars for the final montrent 8 May 20 Purchased additional equipment costing 517.000. A cash payment of $7.000 as made me tey. Signed ante payable for the balance 9.May.20 Purchased supplies for 5500 cash 15 May 20 Purchased more supplies for 5750 on account 17 May 20 Completed a contract for a client for 53,000 on account 9 28 May 20 Paid $250 for May's telephone bill 10 28-May-20 Completed services for a client and immediately collected 51,100 11 29-May-20 Paid Jocob 51.600 cash for his personal use 12 29-May 20 Collected $2,500 from the client billed on May 17 13 31-May 20 Received a cash advance of $500 for service to be completed in June 14 31 May 20 Paid the employee's monthly salary S2,475 Please complete all four steps to generate the financial reports. Assignemnt#3-Handwritten Group Assignment 1 1-May20 2 1-May-20 3 2-May-20 Jacob invested $40,000 cash and equipment worth $10,000 in the company Hired one employee to work in the office for a salary $2,475 per month Paid $3.300 cash for a one year insurance policy Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the Mayient and half was for the final month's rent Purchased additional equipment costing 517.000. A cash payment of 57,000 was made immediately. Signed a note payable for the balance Purchased supplies for $500 cash 4 5-May-20 5 8-May-20 6 9-May-20 7 15 May 20 Purchased more supplies for 5750 on account 8 17-May-20 Completed a contract for a client for $3.000 on account 9 28-May-20 Paid $250 for May's telephone bill 10 28-May-20 Completed services for a client and immediately collected $1,100 11 29-May 20 Paid locob 51.600 cash for his personal use 12 29-May-20 Collected $2.500 from the client billed on May 17 13 31-May-20 Received a cash advance of $500 for service to be completed in June 14 31-May-20 Pald the employee's monthly salary 52,475 Please complete all four steps to generate the financial reports. 1 3 4 5 6 7 8 1-May-20 Jacob invested $40,000 cash and equipment worth $10,000 in the company 2 1. May 20 Hired one employee to work in the office for a salary 52.475 per month 2 May 20 Paid $3300 cash for a one year insurance policy 5.May-20 Signed a two year rental agreement on an office and paid S80 cash Hot want for the Mayent and bar wars for the final montrent 8 May 20 Purchased additional equipment costing 517.000. A cash payment of $7.000 as made me tey. Signed ante payable for the balance 9.May.20 Purchased supplies for 5500 cash 15 May 20 Purchased more supplies for 5750 on account 17 May 20 Completed a contract for a client for 53,000 on account 9 28 May 20 Paid $250 for May's telephone bill 10 28-May-20 Completed services for a client and immediately collected 51,100 11 29-May-20 Paid Jocob 51.600 cash for his personal use 12 29-May 20 Collected $2,500 from the client billed on May 17 13 31-May 20 Received a cash advance of $500 for service to be completed in June 14 31 May 20 Paid the employee's monthly salary S2,475 Please complete all four steps to generate the financial reports. Assignemnt#3-Handwritten Group Assignment 1 1-May20 2 1-May-20 3 2-May-20 Jacob invested $40,000 cash and equipment worth $10,000 in the company Hired one employee to work in the office for a salary $2,475 per month Paid $3.300 cash for a one year insurance policy Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the Mayient and half was for the final month's rent Purchased additional equipment costing 517.000. A cash payment of 57,000 was made immediately. Signed a note payable for the balance Purchased supplies for $500 cash 4 5-May-20 5 8-May-20 6 9-May-20 7 15 May 20 Purchased more supplies for 5750 on account 8 17-May-20 Completed a contract for a client for $3.000 on account 9 28-May-20 Paid $250 for May's telephone bill 10 28-May-20 Completed services for a client and immediately collected $1,100 11 29-May 20 Paid locob 51.600 cash for his personal use 12 29-May-20 Collected $2.500 from the client billed on May 17 13 31-May-20 Received a cash advance of $500 for service to be completed in June 14 31-May-20 Pald the employee's monthly salary 52,475 Please complete all four steps to generate the financial reports