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Hello, I have been having some trouble with some Accounting homework. All help is appreciated, thanks! Question: Nona Curry started her own consulting firm, Larkspur,

Hello, I have been having some trouble with some Accounting homework. All help is appreciated, thanks!

Question:

Nona Curry started her own consulting firm, Larkspur, Inc., on May 1, 2017. The following transactions occurred during the month of May.

May 1 Stockholders invested $20,550 cash in the business in exchange for common stock.
2 Paid $822 for office rent for the month.
3 Purchased $685 of supplies on account.
5 Paid $205 to advertise in the County News.
9 Received $1,918 cash for services performed.
12 Paid $274 cash dividend.
15 Performed $5,754 of services on account.
17 Paid $3,425 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $1,644 for services performed on account on May 15.
26 Borrowed $6,850 from the bank on a note payable.
29 Purchased office equipment for $2,740 paying $274 in cash and the balance on account.
30

Paid $247 for utilities.

Prepare an income statement for the month of May 2017.

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