CREATE A TABLE WITH THE FOLLOWING ACCOUNTS: CASH, ACCOUNTS RECEIVABLE, OFFICE EQUIPMENT, ACCOUNTS PAYABLE, J.D. SIMPSON, CAPITAL, J.D. SIMPSON, WITHDRAWALS, REVENUES AND EXPENSES

J.D. SIMPSON STARTED A BUSINESS IN MAY 1. DURING ITS FIRST MONTH OF OPERATIONS, CARRIED OUT THE FOLLOWING TRANSACTIONS: PLEASE RECORD IN THE TABLE CREATED AND PREPARE THE 3 FINANCIAL STATEMENTS: INCOME STATEMENT, STATEMENT OF OWNER'S EQUITY AND BALANCE SHEET.

MAY 1 MR. SIMPSON MAKES A $ 60,000 CASH INVESTMENT IN HIS BUSINESS. MAY 1 MAKES A PAYMENT OF $ 3,200 CASH FOR THE MONTH'S RENT CONCEPT.

MAY 3 PURCHASE OFFICE EQUIPMENT FOR $ 1,680 ON CREDIT.

MAY 5 MAKES A PAYMENT OF $ 800 CASH FOR CLEANING SERVICES.

MAY 8 PROVIDES A CONSULTING SERVICE TO A CLIENT FOR WHICH HE RECEIVES $ 4,600 CASH.

MAY 12 PROVIDES A CONSULTING SERVICE TO ANOTHER CUSTOMER AND BILLS HIM $ 3,000.

MAY 15 MAKES A PAYMENT OF $ 850 CASH TO HER ASSISTANT FOR SALARIES.

MAY 20 I RECEIVE $ 3,000 CASH FOR THE SERVICE I PROVIDE ON MAY 12.

MAY 22 PROVIDES ANOTHER CONSULTING SERVICE FOR $ 2,800 AND BILLS THE CUSTOMER.

MAY 25 RECEIVE $ 2,800 CASH FOR THE MAY 22 SERVICE. MAY 26 MAKES $ 1,680 CASH PAYMENT ON MAY 3 PURCHASE. MAY 27 PURCHASE PROMOTION IN A LOCAL NEWSPAPER FOR THE MONTH OF MAY FOR $ 60, ON CREDIT, TO PAY LATER.

MAY 28 MAKES ANOTHER PAYMENT OF $ 850 TO HIS ASSISTANT FOR SALARIES.

MAY 30 MAKES A $ 200 CASH PAYMENT FOR THE MONTH'S PHONE BILL.

MAY 30 MAKES A PAYMENT OF $ 480 FOR MONTH'S UTILITIES CONCEPT

MAY 31 MR. SIMPSON MAKES A $ 1,200 CASH WITHDRAWAL FOR PERSONAL USE.