Assignment $1$ Audrey Hembruff opened her own law office on May $1,2023.$ During the first month of operations, the following transactions occurred: $1.$ May $1$ Invested $$15,000$ in cash in law practice$\mathrm{.}2.$ May $2$ hired a legal assistant to work part$-$time for $$1,500$ per month$\mathrm{.}3.$ May $2$ Paid $$1,800$ for July rent on office space$\mathrm{.}4.$ May $5,$ Purchased equipment on account, $$3,000\mathrm{.}5.$ May $11$ Provided legal services to clients for cash, $$2,500\mathrm{.}6.$ May $15$ Borrowed $$7,000$ cash from a bank on a note payable$\mathrm{.}7.$ May $21$ Provided legal services to a client on account, $$4,000\mathrm{.}8.$ May $25$ collected $$1,200$ of the amount owed by a client on account $($see transaction $7)\mathrm{.}9.$ May $27$ Withdrew $$2,000$ cash for personal use$\mathrm{.}10.$ May $31$ Paid monthly salary expenses: $$1,500\mathrm{.}11.$ May $31$ Paid telephone Expense $$200\mathrm{.}12.$ May $31$ paid monthly utilities, $$300.$Instructions: $($a$)$ Prepare a General Journal$($b$)$ Prepare Ledge account and post to the appropriate account.$($c$)$ Prepare Trial balance.$($d$)$ Prepare the income statement,$($e$)$ Prepare statement of owners equity, and$($f$)$ Prepare balance sheet for Audrey Hembruff, Barrister & Solicitor.