Problem 1-04A a-c (Part Level Submission) (Video)

Maria Miller started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May.

May 1		Trixie invested $7,500 cash in the business.
2		Paid $850 for office rent for the month.
3		Purchased $500 of supplies on account.
5		Paid $130 to advertise in the County News.
9		Received $4,400 cash for services performed.
12		Withdrew $1,200 cash for personal use.
15		Performed $5,600 of services on account.
17		Paid $2,600 for employee salaries.
20		Made a partial payment of $300 for the supplies purchased on account on May 3.
23		Received a cash payment of $4,100 for services performed on account on May 15.
26		Borrowed $4,700 from the bank on a note payable.
29		Purchased equipment for $4,000 on account.
30		Paid $350 for utilities.

(c) Prepare a balance sheet at May 31, 2020. (List Assets in order of liquidity.) SHERIDAN CONSULTING Balance Sheet Assets Liabilities and Owner's Equity Click if you would like to Show Work for this question: Open Show Work