accounting homewrk

Hello,

please find the pdf that contain the homework down, it’s not much work, but must be given accurate answers.

HomeWorks
Jessi Paulis started a consulting fi rm, Paulis Consulting Ltd., on May 1, 2017. The following transactions
occurred during the month of May.
May 1 Paulis invested £8,000 cash in the business in exchange for shares.
2 Paid £800 for office rent for the month.
3 Purchased £500 of supplies on account.
5 Paid £50 to advertise in the County News.
9 Received £3,000 cash for services performed.
12 Declared and paid a £700 cash dividend.
15 Performed services worth £3,300 on account.
17 Paid £2,100 for employee salaries.
20 Paid for the supplies purchased on account on May 3.
23 Received a cash payment of £2,000 for services performed on account on May 15.
26 Borrowed £5,000 from the bank on a note payable.
29 Purchased office equipment for £2,300 on account. 30 Paid £150 for utilities
(b) Prepare an income statement for the month of May.
(c) Prepare a statement of financial position at May 31, 2017.