Problem 3-2A (Part Level Submission)

Nina Finzelberg started her own consulting firm, Finzelberg Consulting Inc., on May 1, 2014. The following transactions occurred during the month of May.

May 1		Stockholders invested $15,317 cash in the business in exchange for common stock.
2		Paid $613 for office rent for the month.
3		Purchased $511 of supplies on account.
5		Paid $153 to advertise in the County News.
9		Received $1,430 cash for services performed.
12		Paid $204 cash dividend.
15		Performed $4,289 of services on account.
17		Paid $2,553 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,225 for services performed on account on May 15.
26		Borrowed $5,106 from the bank on a note payable.
29		Purchased office equipment for $2,042 paying $204 in cash and the balance on account.
30		Paid $184 for utilities.

Prepare an income statement for the month of May 2014 Collapse question part ER CONSULTING INC. Income statement For the Month Ended May 31, 2014