Dear Bookkeeper, I understand you are working on my financial statements. I forgot to mention the following information in my initial email. • In May I hired a cost consultant to help me find cost savings for my business. She has already done a great job, finding me tons of cost savings! However, she will not send me her final invoice until next month. She charges 5% of monthly revenues for her services. She is worth every penny! • I also forgot to mention that I made a cash payment on May 30th for my annual liability insurance. My annual insurance is equal to 10% of my estimated annual operating expenses. Food is a risky business!! I hope the above information will not change my financial information for May. Please advise.
solve all this

1. Journal Entries -

2. Trial Balance -

3. Income Statement -

4. Statement of Changes in Equity -

Trans No.

Trans Date

Description

Activity Type (O, I, F)

1.	May 1	I invested $30,000 cash into my new business	F
2.	May 4	$60,000 in credit purchases from vendors	I
3.	MAY 5	Event-Served for $12,000 in Cash	O
4.	May 7	paid $12,000 in cash as rent	O
5.	May 9	$5400 in bank credit	F
6.	May 11	furniture purchased for $6,000 in cash	I
7.	May 14	got $1,000 from AMAN for a 2% stake	F
8.	MAY 16	Paid salary 1000	O
9.	MAY 21	$10,000 selling antique furniture.	I
10.	MAY 25	Paid Wi-Fi bill $4,000	O
11.	MAY 27	$50,000 in cash was paid to vendors.	O
12.	MAY 29	Sales in Cash $26,000	O