Question 4. Juniper Delivery had the following transactions during May 2020, its first month of operation: 1. Received cash from issuance of capital stock, $50,000. 2. Received cash for providing delivery services, $18,000. 3. Paid advertising expense, $1,000 4. Received cash from customers for delivery services, $35,000. 5. Purchased supplies for cash, $2,100. 6. Paid wages, $2,000. 7. Paid rent for May, $2,000. 8. Received cash from customers for delivery services, $16,700. 9. Determined that the cost of supplies on hand was $1,200, therefore, $900 of supplies had been used during the month. 10. Paid dividends $1,500. a. b. Indicate the effect of each transaction on the accounting equation Prepare an Income Statement for the month of May Prepare a Statement of Retained Earnings Prepare a Balance Sheet for May 31, 2020 C. d. 9