Please prepare a Balance Sheet for the following transactions:

Mark Jacobs established Jacobs Services in August by contributing $30,000 cash from his personal savings to the business in exchange for 100% of the common stock. Jacobs Services had the following transactions in September. September 1 September 2 Purchased equipment with a price of $15,000 by paying $5,000 cash and signing a note for the remaining balance. Paid $2,400 cash for a one-year (or 12-month) premium toward insurance. Paid September rent of $3,000. Purchased $4,000 of supplies on credit. September 3 September 5 September 8 Performed serviced and received $1,000 cash. September 10 Billed clients $8,500 for services performed. September 12 Received an advance of $3,000 cash from a client for a project to be delivered in November. September 18 Collected $8,500 cash from clients toward their accounts billed on September 10. September 24 Paid $4,000 for the supplies purchased on September 5. September 30 Paid $100 cash for newspaper advertising to be aired in October. September 30 Paid $5,000 September salaries. September 30 Billed clients $6,000 for services performed. September 30 Declared and paid cash dividends of $2,000