(c) Your answer is partially correct. Prepare a balance sheet at May 31, 2022. (List Assets in order of liquidity.) ELIZABETH CONSULTING Balance Sheet May 31, 2022 Assets Cash Liabilities and Owner's Equity Liabilities Accounts Payable Notes Payable Total Owner's Equity eTextbook and Media List of Accounts Save for Later Attempts: 1 of 5 used Submit Answer Elizabeth Brown started her own consulting firm, Elizabeth Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 Elizabeth invested $6,200 cash in the business. 2 Paid $900 for office rent for the month. 3 Purchased $700 of supplies on account. 5 Paid $170 to advertise in the County News. 9 Received $3,800 cash for services performed. 12 Withdrew $1,100 cash for personal use. 15 Performed $5,200 of services on account. 17 Paid $2,400 for employee salaries. 20 Made a partial payment of $500 for the supplies purchased on account on May 3. 23 Received a cash payment of $4,200 for services performed on account on May 15. 26 Borrowed $4,800 from the bank on a note payable. 29 Purchased equipment for $4,300 on account. 30 Paid $350 for utilities