Bobby opened a consulting firm and completed these transactions during November, 2014

November 1 -Invested $ 4,00,000 cash and office equipment with $ 1,50,000 in a business called Bobbie Consulting.

November 3- Purchased land and a small office building. The land was worth $ 1,50,000 and the building worth $ 3,50,000. The purchase price was paid with $ 2,00,000 cash and a long term note payable for $ 8,00,000

November 5- Purchased office supplies on credit for $ 12,000

November 8-Bobbie transferred title of motor car to the business. The motor car was worth $ 90,000.

November 10- Purchased for $ 30,000 additional office equipment on credit.

November 13- Paid $ 7,500 salary to the office manager.

November 15- Provided services to a client and collected $ 30,000

November 18- Paid $ 4,000 for the months utilities.

November 20- Paid supplier created in transaction November 5.

November 23 Purchase new office equipment by paying $ 93,000 cash and trading in old equipment with a recorded cost of $ 7,000

November 25 Completed services of a client for $ 26,000. This amount is to be paid within 30 days.

November 28 Received $ 19,000 payment from the client created in transaction November 25.

November 30- Bobby withdrew $ 20,000 from the business.

Required:

A. Accounting Equation/Accounting Table

B. Balance Sheet

C. Income Statement

D. Statement of Cash Flows