Question: can someone help with this like on an excel spreadsheet Basic Transactions and Financlal Statement Preparatton Problem Carol Baskin established Big Cat Rescue incorporated on
Basic Transactions and Financlal Statement Preparatton Problem Carol Baskin established Big Cat Rescue incorporated on July 1, 2022 and completed the following transactions during July. a. Opened a business bank account in the name of Big Cat Rescue incorporated, with a deposit of $30,000 in exchange for common stock b. Borrowed \$50,000 from First National Bank c. Performed services for customers and received $15,000 d. Pald rent on office for the month, $2,500 e. Paid repair expenses for the month, $1,250 f. Paid utilies expenses of $500 8. Paid office salaries, $3,250 h. Purchased land as a future building site, $60,000 i. Paid dividends, $1,500 Instructions: On notebook paper complete the following tasiss: 1. Record each transaction (just like we've done in class) 2. From your recorded transaction totals, prepare an income Statement for July 3. Preparea Statement of Stockholder's Equity for July 4. Prepare a Balance Sheet for July Note: Don't forget the 3-line heading for each financial statement
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