Question
Jessi Paulis started a consulting firm, Paulis Consulting, on May 1, 2014. The following transactions occurred during the month of May. May 1 Paulis invested
Jessi Paulis started a consulting firm, Paulis Consulting, on May 1, 2014. The following transactions occurred during the month of May.
May 1 Paulis invested $8,000 cash in the business in exchange for stock.
2 Paid $800 for office rent for the month.
3 Purchased $500 of supplies on account.
5 Paid $50 to advertise in the County News.
9 Received $3,000 cash for services provided.
12 Declared and paid a $700 cash dividend.
15 Performed $3,300 of services on account.
17 Paid $2,100 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of $2,000 for services provided on account on May 15.
26 Borrowed $5,000 from the bank on a note payable.
29 Purchased office equipment for $2,300 on account.
30 Paid $150 for utilities. '
i need help with the income statment
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