Juniper Delivery had the following transactions during May $2020,$ its first month of operation:

$1.$ Received cash from issuance of capital stock, $$50,000.$

$2.$ Received cash for providing delivery services, $$18,000.$

$3.$ Paid advertising expense, $$1,000$

$4.$ Received cash from customers for delivery services, $$35,000.$

$5.$ Purchased supplies for cash, $$2,100.$

$6.$ Paid wages, $$2,000.$

$7.$ Paid rent for May, $$2,000.$

$8.$ Received cash from customers for delivery services, $$16,700.$

$9.$ Determined that the cost of supplies on hand was $$1,200,$ therefore, $$900$ of supplies had been used during the month.

$10.$ Paid dividends $$1,500.$

a$.$ Indicate the effect of each transaction on the accounting equation

b$.$ Prepare an Income Statement for the month of May

c$.$ Prepare a Statement of Retained Earnings

d$.$ Prepare a Balance Sheet for May $31,2020$