Farid Fahim started Fahim Consulting, a new business, and completed the following transactions during its first month of operations.

May 1 F. Fahim invested $50,000 cash in the company.

1 The company rented a furnished office and paid $4,000 cash for rent expense.

3 The company purchased $3,000 of office equipment on credit.

5 The company paid $750 cash for this months cleaning services.

8 The company provided consulting services for a client and immediately collected $5,000 cash.

12 The company provided $3,500 of consulting services for a client on credit.

20 The company received $2,500 cash payment for the services provided on May 12.

26 The company paid $2,000 cash for the office equipment purchased on May 3.

27 The company purchased $800 of advertising in this months (May) local paper on cash.

30 The company paid $300 cash for this months telephone bill.

31 F. Fahim withdrew $1,600 cash from the company for personal use.

Required

Arrange the following asset, liability, and equity titles in a table like explained in the video and class discussion question: Cash; Accounts Receivable; Office Equipment; Accounts Payable; F. Fahim, Capital; F. Fahim, Withdrawals; Revenues; and Expenses.