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Hi I need help with the income statement for this assignment Thanks so much again for helping me out, I don't have any idea how

Hi I need help with the income statement for this assignmentimage text in transcribed

Thanks so much again for helping me out, I don't have any idea how to "keep the books" and prepare those confusing financial statements. All I know is that my bank wants them! I wrote down everything I did in August, since I wasn't sure what you would need, so here it is: August 1: I invested $29,000 cash and $21,000 of photo/video equipment into the business 1: Purchased $4,000 worth of office equipment on account. 2: Paid landlord $1,200 cash for the month to rent the business space. 3: Purchased $1,500 of office supplies for the business by paying cash. 5: I paid my landlord $700 for the month to rent my loft apartment one block away. 10: Paid $2,900 eash for a 12-month insurance policy, which is usually priced at $3,625 but we received a new customer discount. Coverage begins August 11th. 12: Paid \$4,200 cash for two weeks' salaries earned by employees. 15: Spoke with festival officials regarding the Redondo Beach Art Festival, permit fee to enter is $300. Still need to think about whether or not to enter. 18: Received $21,500 cash from corporate client, CocoReno Athletic Wear, for completing advertising prints. 22: Billed band, The Verb, $6,700 for photo shoot at local club. 24: Swiggs Bar \& Grille paid a 10\% deposit for their menu and web photo shoot scheduled for the September 19 th. The total quote for this shoot was $3,800. 25: Meet with Keith Barnook and Betsy Alder regarding shooting their wedding in Costa Rica this December. My quote for this event is $8,300. The couple will make a decision in September and provide me their deposit at that time. 26: Bi-weekly salaries of $4,200 was paid. 27: I took money out of $6,000 for myself. 29: Paid \$550 cash for minor repairs to the video equipment. I got a deal since a friend repaired the equipment, normally it would have cost $1,500. 30: Received the August utility bill. It is for $95. I will pay it next month since it is not due until September 23rd. 31: Interviewed by local paper for a piece regarding new businesses in the area. Usually, the paper charges $85 to run a quarter page ad but this article will run free of charge to us and be a great source of advertising

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