Sept $1$ Jeremy invested $$50,000$ in cash and Repair Tools with a Fair Market Value of $$30,000$ into the business.

$2$ Cash purchase of supplies to be used in the future by the business, $$3,000.$

$3$ Paid $$800$ for garage rental for the month of September.

$5$ Performed $$6,800$ of repair services on account.

$9$ Purchased gasoline for $$100$ on account. This will be used this month $-$ not considered a supply.

$12$ Purchased more Repair tools costing $$22,000.$ At the time of purchase cash of $$7,200$ was paid in cash with the remaining

amount financed by signing note payable due in $6$ months.

$15$ Received a cash payment of $$3,400($half of amount due$)$ for the services which were performed on account on May $5.$

$17$ Paid for the gasoline purchased on account on May $9.$

$20$ Received a cash payment of $$1,500$ for services performed today.

$23$ Made a cash payment of $$500$ on the Note Payable.

$26$ Paid $$250$ for utilities used this month.

$29$ Withdrew $$3,000$ cash for personal use.

$30$ Paid $$1,500$ to employees for salariesearned this month.

$($b$)$ On the next sheet, show the $3$ Financial Statements and the Liability to Equity ratio and decide what that tells us about this

company.