Following transactions occurred during January 2020 1. Raid Company started its business by invested 20,000 cash for ordinary shares 2. The Company purchased equipment 8,000 for cash 3. Purchased office supplies 2500 on credits 4. Purchase inventory 5,000 paid 3,000 cash and remaining balance (2,000) on credit 5. Sold to customers 4,000 and received 1,000 cash and remaining balance on credit 6. Paid cash following expenses: utility 200, salaries 1,500 rent 800 7. Received 1,500 cash from receivables 8. Paid 1,000 cash from payables 9. Raid invested additional 6,000 cash for ordinary shares 10. Paid 900 cash dividends Analyze transactions then record them to accounting equation Prepare income statement, retained earnings statement, financial position statement