Question #3 – Prepare a Balance Sheet as of May 31 of this year, for Acme Company.Urgent needed please help Wanda, the owner invests $40,000 into her business Acme Company Purchases equipment on credit for $10,000 Does work for a customer and immediately receives $3000 Does work for another customer for $4000 and sends them a bill Purchases office supplies for $1500 Receives payment of $2,500 from customer in #4 above Pays assistant $1,000 Pays rent of $1,200 Pays $4,000 towards equipment purchased in #2 Takes out $200.

| alphacollege.ddns.net:5056/moodle/ be A Maps gnment#3-Handwritten Group Assignment is due Thursday, 18 March, 6:30 PM Course event 1. May1, Business owner Bill Doors invested $200,000 in cash and office equipment worth $48,000 in the business bank account 2. May1st, prepaid $14,400 cash for three month office rent. 3. May2nd, made credit purchase of office equipment for $24,000 and office supplies for $4800 4. May6, completed services for a client and received $4000 cash. 5. May9, completed a $16,000 project service for a patient, who will pay within 30 days. 6. May10, paid balance owing on May2nd. 7. May19, paid $12,000 cash for the annual liability insurance premium 8. May22, received $12,800 as partial payment for the services done on May9. 9. May25, completed consulting services for another client for $5280 on account. 10. May31, Bill Doors withdrew $12,400 cash for personal use 11. May31, purchased $1600 additional office supplies on account 12. May31, paid $1400 for the monthly…

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usiness AccountingQ&A LibraryGet live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the company's records show the following accounts and the amount of August.  Cash =$25,460.   Acct Receivable =$22,510; Land = $44,130 Office equipment =20,160   Office  Supplies =$5,380;    Acct payable =$10,370 Dividends =$ 6130 Consulting fees earned =$27,130 Rent expense =$9690 Salaries expense =$5710 Telephone expense =$1010 Miscellaneous expense =$ 620 Common stock =$103,300 Use the above information to prepare an August statement of retained ernigs for the company.(Net income for August is $10,100) Get live help whenever you need from online tutors!Try bartleby tutor todayarrow_forward Question Asked Sep 11, 2020 1 views Jordan Shi operates a consulting firm called X, which began operations on August1. On August 31 the…