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Question #02 Threet's Repair Shop was started on May 1, 2021 by Erica Threet. A summary of May transactions is presented below. May-1 Invested Tk.

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Question #02 Threet's Repair Shop was started on May 1, 2021 by Erica Threet. A summary of May transactions is presented below. May-1 Invested Tk. 1,00,000 cash to start the repair shop. May-2 Purchased equipment for Tk. 50,000 cash. May-3 Paid Tk. 4,000 cash for May office rent. May-6 Paid Tk. 5,000 cash for supplies. May-9 Incurred Tk. 2,500 of advertising costs in the Beacon News on account. May-11 Received Tk. 16,000 in cash from customers for repair service. May-12 Withdrew Tk. 10,000 cash for personal use. May-18 Paid part-time employee salaries Tk. 20,000. May-19 Paid utility bills Tk. 1,700. May-20 Provided repair service on account to customers Tk. 7,500. May-25 Collected cash of Tk. 1,200 for services billed in May 20. Instructions: (a) Prepare a tabular analysis of the transactions. (b) Prepare the income statement, owner's equity statement, and balance sheet at May 31

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