Transaction List 2

Started a business with $6,000 in cash and $4,000 bank

Paid A.C.V $400 by cheque

Sold goods $127 to Gilberts Ltd on credit

Purchased goods $543 cash

Paid rent $650 cheque

Gilberts Ltd returned goods $50

Sold goods to Jones.Inc $386 on credit

Paid A.C.V $200 cash

Sold goods $670 cash

Purchased good $500 cash

Received cash from Gilberts Ltd $127

Sold goods to $1560 by cheque

Create an Income statement, T-account, and a balance sheet for the transaction list above.