Jason wants to open a restaurant in Montreal. After analysing the market and requirement for resources for opening a restaurant he finally starts his business in May. The following business transactions are occurred during its first month: May 2020.he named his restaurant as “Jason Delight". 

May 1 Invested $10000 in cash and office equipment that had face value of $1000 in the business. 

2 Purchased furniture $3500 and office supplies for $2000 on account 

4 Provided another Food services for a graduation event and sent the bill for $2800 to the client. 

5.Paid the $1100 salary to receptionist by cheque. 

6 Performed food services for a retirement party for $15,000 and received $10000 cash from the client and rest was settled for later payment 

8. Paid $3000 in cash regarding the accounts payable o

May 2. 

9 Jason incurred following expenses which were paid in cash: Wages of $600, telephone Bill & Wi-Fi $250, Gas $90, advertisement expenses $450 and rent $990. All paym

ents made in cash 10. Purchased Office supplies $4500 on credit. 

11. Received the Utility bill today: $2600 but will be paid on June 1. 

12. Office supplies used for $250. 13. Received $1800 from the client billed o

May 4. 14. Withdrew $1400 for personal use. 

15. Received $1800 for services performed to another client. 

Required: 

a. Record the general entries and post them into their ledger accounts and trail balance.

b. Prepare the financial Statements.

1. Income statement for the month ended May 31 ,2020 b

2. Statement of changes in Equity for the month ended May 31,2020 

c. Balance Sheet for the month ended as on May 31 ,2020