Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help 1 System Announcements oblem 1-04A a-c (Video) tricia Johnson started her own consulting firm, Crane Consulting, on May 1, 2020. The following transactions occurred during the month of May. ay 1 Trixie invested $6,100 cash in the business. 2 Paid $800 for office rent for the month. 3 Purchased $600 of supplies on account. 5 Paid $170 to advertise in the County News. 9 Received $3,800 cash for services performed. 12 Withdrew $1,000 cash for personal use. 15 Performed $5,800 of services on account. 17 Paid $2,800 for employee salaries. 20 Made a partial payment of $400 for the supplies purchased on account on May 3. 23 Received a cash payment of $3,600 for services performed on account on May 15. 26 Borrowed $4,700 from the bank on a note payable. 29 Purchased equipment for $4,100 on account. 30 Pald $350 for utilities. Income statement for the month of May. CRANE CONSULTING Income Statement For the Month Ended May 31, 2020 Revenues Service Revenue udy Expenses Advertising Expense Rent Expense 350 Total Expenses Net Income (Loss) Prepare a balance sheet at May 31, 2020. (List Assets in order of liquidity.) CRANE CONSULTING Balance Sheet May 31, 2020 Assets cash x 14850 Accounts Receivable * 1800 Supplies 500 Equipment 4300 Total Assets 21,450 Liabilities and Owner's Equity Uabilities Notes Payable 4,700 Accounts Payable 4,500 Total abilities 9200 Owner's Equity Owner's Capital 12350 Total Liabilities and Owner's Equity 21.550 Click if you would like to Show Work for this questions Open Show SHOW INTO ACCOUNTS LINK TO TEXT YOTE