I need to answer questions 1,2, and 3 in the shortest way please

showing an asset 4.1 Evaluate the effects of transactions by constructing a daily balance sheet side and a liabilities and equities side. The business is called John Smith, Machine Shop January 1: John Smith starts his business, depositing $10,000 account that he has opened in the name of the business and creating capital stock. January 2: The business borrows $5,000 from a bank, giving a note, thereby increasing the assets and cash and the business incurs a liability to the bank. January 3: The business buys inventory for $10,000, paying cash. January 4: The firm sells material for $300 that cost $200. of his own money in a bank Hint: Balance sheets follow a formal business style. Create a heading for each day's activ- ities using the name of the business, type of business document, and date. For each trans- action there are two entries) For the ledger T-accounts shown on page 171 from W a balance sheet for the end of March. (Hints: Note that for each T-account entry there are two dates, amounts, and title of transaction that are cross-identified.) 4.2 eichman Consulting Company,set up 4.3 Construct a profit-and-loss statement and a balance sheet statement for the month of J une by using the ledger T-accounts shown on page 172. The name of the business is Prec Manufacturing.(Hint: Determine the profit-and-loss statement first, and notice the location of the gross profit into the Capital T-account. Ignore taxes)