Required information [The following information applies to the questions displayed below.] Michael Jordan started The Jordan Company, a new business that started on May 1. The Jordan Company had the below transactions in May. May 1 M. Jordan invested $44,500 cash in the company. May 1 The Jordan Company rented a furnished office and paid $2,100 cash for May's rent. May 3 The Jordan Company purchased $1,880 of equipment on credit. May 5 The Jordan Company paid $790 cash for this month's cleaning services.. May 8 The Jordan Company provided consulting services for a client and immediately collected $5,100 cash. May 12 The Jordan Company provided $2,400 of consulting services for a client on credit. May 15 The Jordan Company paid $710 cash for an assistant's salary for the first half of this month. May 20 The Jordan Company received $2,400 cash payment for the services provided on May 12. May 22 The Jordan Company provided $3,900 of consulting services on credit. May 25 The Jordan Company received $3,900 cash payment for the services provided on May 22. May 26 The Jordan Company paid $1,880 cash for the equipment purchased on May 3. May 27 The Jordan Company purchased $85 of equipment on credit.. May 28 The Jordan Company paid $710 cash for an assistant's salary for the second half of this month. May 30 The Jordan Company paid $350 cash for this month's telephone bill. May 30 The Jordan Company paid $280 cash for this month's utilities. May 31 M. Jordan withdrew $1,600 cash from the company for personal use. 2-a. Prepare the income statement for May. 2-b. Prepare the statement of owner's equity for May. 2-c. Prepare the balance sheet for May 31. < Prev 22 82 www of 22 www Next Required information Required ZA Required 2B Required 2C Required 3 Prepare the balance sheet for May 31. THE JORDAN COMPANY Balance Sheet Cash Assets Equipment May 31 Accounts payable Liabilities Equity Total assets $ 0 Total liabilities and equity