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Prepare Journal entries, Trial Balance, Income Statement, Statement of changes in equity, Balance sheet for the month ended 30th May 1 May 1 $30,000 Cash

Prepare Journal entries, Trial Balance, Income Statement, Statement of changes in equity, Balance sheet for the month ended 30th May

1 May 1 $30,000 Cash invested into the business
2 May 5 Bought equipment for $6,000 on account
3 May 7 Bough Inventory for $8,000 with Cash
4 May 8 Borrowed $10,000 from a bank
5 May 12 Sold $6,000 worth of goods on account that cost $3,000
6 May 15 Bought Office furniture for $7,000
7 May 16 Paid utility bills for $600
8 May 19 Paid $800 cash for the salaries of staff
9 May 20 Bought computer equipment worth $2,000
10 May 22 Sold $900 worth of inventories for cash of $1,500
11 May 25 Paid rent in cash $10,000
12 May 27 Withdrew $3,000 from business for personal use
13 May 28 Sold $700 worth of inventories on credit for $ 1,200
14 May 30 Further Invested $5,000 cash into business


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