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Question #3 Prepare a Balance Sheet as of May 31 of this year, for Acme Company.Urgent needed please help Wanda, the owner invests $40,000 into

  1. Question #3 Prepare a Balance Sheet as of May 31 of this year, for Acme Company.Urgent needed please help

  2. Wanda, the owner invests $40,000 into her business Acme Company
  3. Purchases equipment on credit for $10,000
  4. Does work for a customer and immediately receives $3000
  5. Does work for another customer for $4000 and sends them a bill
  6. Purchases office supplies for $1500
  7. Receives payment of $2,500 from customer in #4 above
  8. Pays assistant $1,000
  9. Pays rent of $1,200
  10. Pays $4,000 towards equipment purchased in #2
  11. Takes out $200.

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