question1: Freedom Repair Inc.was started on May 1. A Summary of May transaction is presented below

1.stockholders invested $10,000 cas in the business in exchange for common stock

2. purchased equipment for $5,000

3.paid $400 cash for May office rent

4.paid $300 cash for supplies

5. incured $250 of advertising costs in the Beacon News on account

6.Received $4700 in cash from customers for repair services

7.Declare and paid $700 cash dividend

8.paid part time employee salaries $1000

9.paid utility bills $140

10.performed repair services worth $1,100 on account

11. Collected cash of $120 for services billed in transaction (10)

a. prepare a table analysis using the following column headings: cash,account receivable,supplies,equipments,account payable,common stock,retain earnings with separate column for revenues,expenses,dividends.Including margin explanation changes in retain earnings. Revenue is called Service Revenue

b.From an analysis of the ratained earning columns,compute the net income or net loss for May.

Question 2:On August 31,the balance sheet of La Brava Veterinary Clinic showed cash $9,000,Account receivable$1700,supplies $600,equipments $6000,account payable $3600,common stock $13,00 and retained earings $700. During september,the following transaction occur

1.paid $2900 cash for accounts payable

2.collected $1,300 of accounts receivable

3.purchased additional equipments for $2100,paying $800 in cash and the balance on account

4. recognized revenue of $7300 of which $1500 is collected in cash and balance due in october

5.declared and paid $400 cash dividend

6.paid salaries $1700 rent for september $900,and advertising expense $200

7.Incurred utilities expense for month on account $170

8. Received $10,000 from capital bank on 6 month note payable

a.prepare a tabular analysis of september transactions begin with august 31 balances.column headings: cash,account receivable,supplies,equipments,account payable,common stock,retain earnings with separate column for revenues,expenses,dividends.Including margin explanation changes in retain earnings. Revenue is called Service Revenue

b. prepare an income statements for september,a retained earnings statements for september,and a balance sheet at september 30.

question 3: Nancy Terceck started a delievery service,Tercek Delieveries,on june 1,2017. The following transaction occur during the month of june.

June 1. Stock holder invested $10,000 cas in business in exchange for common stock .

2. purchased used van for delieveries for $14,000. Nancy paid $2,000 cash and signed a note payable for the ramaining balance

3. paid $500 for office rent for the month

5. performed $4800 of service on account

9. declared and paid $300 in cash dividends

12. purchased supplies for $150 on account

15. received a cash payment of $1250 for service performed on june 5

17. purchased gasoline for $1000 on account

20. Received cash payment of $1500 for service performed

23. Made a cash payment of $500 on the note payable

26.paid $250 for utilities

29. paid for the gasoline purchased on the account on june 17.

30. paid $1,000 for employee salaries

a. show the effects of the previous transaction on the account ing equation using otal assets of $25,800 . prepare a table analysis using the following column headings: cash,account receivable,supplies,equipments,account payable,common stock,retain earnings with separate column for revenues,expenses,dividends.Including margin explanation changes in retain earnings. Revenue is called Service Revenue

b. prepare an income statement for the month of june if net income is$4,500

c.prepare a balance sheet at june 30,2017, given cash at hand at $8,100