Question

I need a balance sheet for this

Nona Curry started her own consulting firm, Larkspur, Inc., on May 1, 2022. The following transactions occurred during the month of May.

May 1		Stockholders invested $20,550 cash in the business in exchange for common stock.
2		Paid $822 for office rent for the month.
3		Purchased $685 of supplies on account.
5		Paid $205 to advertise in the County News.
9		Received $1,918 cash for services performed.
12		Paid $274 cash dividend.
15		Performed $5,754 of services on account.
17		Paid $3,425 for employee salaries.
20		Paid for the supplies purchased on account on May 3.
23		Received a cash payment of $1,644 for services performed on account on May 15.
26		Borrowed $6,850 from the bank on a note payable.
29		Purchased office equipment for $2,740 paying $274 in cash and the balance on account.
30		Paid $247 for utilities.

Answer 1

Answer:

Income statement:
Revenues
Sales revenue	$7,672
Cash-    1918
Credit-   5754
Expenses:
Office rent	$822
Advertisement	$205
Salaries	$3,425
utilities	$247
Total	$4,699
Net income	$2,973

Balance sheet
Asset
Current assets
Cash (20550-822-205+1918-274-3425-685+1644+6850-274-247)	$25,030
Accounts receivable (5754-1644)	$4,110
Supplies	$685
Total current assets	$29,825
Equipment	$2,740
Total assets	$32,565
Liabilities and stockholders equity
Accounts payable(2740-274)	$2,466
Note payable	$6,850
Total liabilities	$9,316
Common stock	$20,550
Retained earnings (2973- Dividend, 274)	$2,699
Total stockholders equity	$23,249
Total Liabilities and stockholders equity	$32,565