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CSI Pty Ltd was started on 1 May with an investment of S45.000 cash. Here are the assets and liabilities of the company on 31

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CSI Pty Ltd was started on 1 May with an investment of S45.000 cash. Here are the assets and liabilities of the company on 31 May 2016, and the revenues and expenses for the month of May, its first month of operations, Cash $7,800 Bank loan $30.000 Accounts receivable 11.400 Rent expense 1500 60,000 Maintenance and repairs expense 500 10.000 Fuel expense 3.400 Equipment Service revenue Advertising expone Accounts payable 900 Insurance expense 400 2.400 No further stores were used in May. buta dividend of $1.500 le cash was paid Required Complete an income statement and retained earning statement for the month of May and balance sheet 31 May 2016 (List anets in weder of liquidity CSIPTY LTD Income statement For the month ended 31 May 2016

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