$11-$May$-20$ Jacob invested $$40,000$ cash and equipment worth $$10,000$ in the company

$21-$May$-20$ Hired one employee to work in the office for a salary $$2,475$ per month

$32-$May$-20$ Paid $$3,300$ cash for a one $-$year insurance policy

$45-$May$-20$ Signed a two$-$year rental agreement on an office and paid $$4,800$ cash. Half was for the May rent and half was for the final month's rent

$58-$May$-20$ Purchased additional equipment costing $$17,000.$ A cash payment of $$7,000$ was made immediately. Signed a note payable for the balance

$69-$May$-20$ Purchased supplies for $$500$ cash.

$715-$May$-20$ Purchased more supplies for $$750$ on account

$817-$May$-20$ Completed a contract for a client for $$3,000$ on account

$928-$May$-20$ Paid $$250$ for May's telephone bill

$1028-$May$-20$ Completed services for a client and immediately collected $$1,100$

$1129-$May$-20$ Paid Jocob $$1,600$ cash for his personal use

$1229-$May$-20$ Collected $$2,500$ from the client billed on May$17$

$1331-$May$-20$ Received a cash advance of $$500$ for service to be completed in June.

$1431-$May$-20$ Paid the employee's monthly salary $$2,475.$

Please follow the lecture video steps to complete the financial reports accordingly.