Question 1-2 Joan Bennish began Bennish Consulting on May 1, 2015, and reported the items below at May 31. 2015. 1. Net loss 2. Rent expense 3. Rent payable 4. Accounts receivable 5. Joan Bennish's investments in May Interest revenue Joan Bennish, capital, May 1, 2015 8. Repair supplies 9. Notes payable 10. Joan Bennish's withdrawals in May 11. Truck 12. Consulting fees eamed 13. Joan Bennish, capital, May 31, 2015 14. Cash Required: 1. Match each numbered item with the part of the balance sheet on which it should be presented If the item does not appear on the balance sheet, choose (d) and identify on which financial statement(s) the item would appear a) Asset b) Liability c) Equity d) Does not appear on the balance sheet 2. Prepare an income statement and statement of changes in equity for the month ended May 31, 2015, and a balance sheet at May 31, 2015 Group 1: 1. A product sold at a store has a shelf life of 20 days (meaning that it usually takes 20 days from when the product enters the store to when it is bought and leaves the store). The demand for this product is 105 units per week in average. 2- 18,000 passengers per day pass through a sky train station in Vancouver during 10 hours of operation. There are 5 tap stations, meaning that through each tap station, 3,600 passengers can pass throughout the hours of operation