HAMILTON ELECTRIC Transactions May 1 Transferred into business account 2 Cash paid for month's rent 3 Total paid for electrical equipment Cash paid at time of purchase $56,000 800 14,000 3,200 5 Cash paid for office supplies 900 6 Amount collected for work completed 1,000 8 Office equipment purchased on credit 3,800 15 Completed work on credit 4,000 18 Office supplies purchased on credit 500 20 Cash paid for office equipment purchased December 8 3,800 24 Billed client for work completed 600 28 Received for December 15th work 4,000 29 Paid assistant's salary 1,200 30 Paid monthly utility bill 440 31 Withdrew for personal use 700 Check figures: (2) Ending balances Cash Accounts Payable (3) Net income Total assets 2. Create the statements of: a. Profit or Loss b. Changes in Equity c. Financial Position $49,960 11,300 $ 3,160 69,760