post into t- accounts

post into t-accounts. make trial balance and balance sheet

1 1 May 20 Jacob invested 540,000 cash and equipment worth $10,000 in the company 2 1 May 20 Hired one employee to work in the office for a salary $2,475 per month 3 2 May 20 Paid 53 300 cash for a one year insurance policy 5-May-20 Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the May rent and half was for the final month's rent 5 8 May 20 Purchased additional equipment costing $17.000. A cash payment of $7,000 was made immediately. Signed a note payable for the balance 6 9 May 20 Purchased supplies for 5500 cash 7 15 May 20 Purchased more supplies for 5750 on account 0 12 May 20 Completed a contract for a client for 53,000 on account 20 May 20 Poid 5250 for May's telephone bill 10 20 May 20 Completed services for a client and immediately collected 51,100 11 29 May 20 Paid Jocob 51,600 for his personal use 1229 May 20 Collected $2.500 from me client billed on May 17 1331 May 20 Received a cash advance of 5500 for service to be completed in June. 1431 May 20 Paid the employee's monthly salary 52.475 Please complete the four step process to generate the financial reports 1 1. May-20 Jacob invested $40,000 cash and equipment worth $10.000 in the company 2 1 May-20 Hired one employee to work in the office for a salary 52,475 per month 3 2. May 20 Paid $3.300 cash for a one-year insurance policy 5-May-20 Signed a two-year rental agreement on an office and paid $4,800 cash. Half was for the May rent and half was for the final month's rent 5 8-May-20 Purchased additional equipment costing 517,000. A cash payment of $7,000 was made immediately. Sigried a note payable for the balance 6 9-May-20 Purchased supplies for $500 cash 7 15 May 20 Purchased more supplies for $750 on account 8 17 May 20 Completed a contract for a client for $3.000 on account 9 28-May-20 Paid $250 for May's telephone bill 10 28 May 20 Completed services for a client and immediately collected 51,160 11 29-May-20 Paid locob 51.600 cash for his personal use 12 29 May 20 Collected $2.500 from the dient billed on May 17 13 31-May-20 Received a cash advance of $500 for service to be completed in June 14 31 May 20 Paid the employee's monthly salary 52475 Please complete the four step process to generate the financial reports