journal entry, worksheet and income statement as shown below

Summit LLC operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its ledgers show April 30 balances. Terms for all credit sales are 2/10, n/30, unless otherwise stated. May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use two lines to record the transaction. Charge 80% of the rent to Rent Expense - Selling Space and the balance to Rent Expense-Office Space.) 2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100) 2 Issued a $175 credit memorandum to Knox Co. for defective (worthless) merchandise sold on April 28 and returned for credit. The total selling price (gross) was $4,725. 3 Received a $798 credit memorandum from Peyton Products for the return of merchandise purchased on April 29. 4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies, $574; and office supplies, $83. Invoice dated May 4, terms n/10 EOM. 5 Received payment from Knox Co. for the balance from the April 28 sale less the May 2 return and the discount. 8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased on April 29 less the May 3 return and a 2% discount. 9 Sold store supplies to the merchant next door at their cost of $350 cash. 10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May 10, terms n/10 EOM. 11 Received payment from Hensel Company for the May 2 sale less the discount. 11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 2/10, n/30. 12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office equipment received on May 10. 15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees. wher Sumc Worksheet For Month Ended May 21 Balance sheet Statement of Trial Balance Dr CE CE De File Acting the cement (1) - Protected View Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be carefrom the cances you need to edit its safe to stay B D H E Name 2 Income Statement Summit LLC Income Statement For Month Ended May 31 7 8 9 10 13 14 15 16 17 18 19 20 21 22 23 244 2 30 31 General louna Income State Type here to search o