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Susan Wilson started her own consulting firm, Sunland Consulting. on May 1, 2020. The following transactions occurred during the month of May 9 12 May

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Susan Wilson started her own consulting firm, Sunland Consulting. on May 1, 2020. The following transactions occurred during the month of May 9 12 May 1 Trixie invested $7,300 cash in the business. 2 Paid $900 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $100 to advertise in the County News Received $4,400 cash for services performed Withdrew $1,100 cash for personal use. 15 Performed $5.900 of services on account. 17 Paid $2.800 for employee salaries 20 Made a partial payment of $300 for the supplies purchased on account on May 3. 23 Received a cash payment of $4, 100 for services performed on account on May 15. 26 Borrowed $4,600 from the bank on a note payable. 29 Purchased equipment for 54,300 on account 30 Paid $350 for utilities la esc S8 # 3 2 $ 4 * 5 6 & 7 8 9 0 Q W E 20 T Y U 1 O A $ D F G H J Z X C V B N N > M Hion command command Prepare a balance sheet at May 31, 2020. (List Assets in order of liquidity) SUNLAND CONSULTING Balance Sheet May 31, 2020 Assets Cash $ Accounts Receivable Supplies Equipment Total Assets $ Liabilities and Owner's Equity . Accounts Payable $ Macbook A * FT BO 2 # 3 $ 4 A % 5 & 7 8 9 Q 0 W R T Y Y U 0 S D F G H J K L N X V B N M

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