Insert Table Chart Text Shape Media Comment 1. (24 points) Using the following information construct the appropriate t-accounts, create an income statement and a balance sheet Hurricane Event and Party Planning Company. Use the T-account template provided. These transactions occurred in the month of March 2020. Transactions 1. The monthly lease payment for the catering facilities is $1500 and is paid in cash. 2. Paid in cash the city of Coral Gables for an operating License in the amount of $5000.00. 3. $500.00 in Office Supplies were purchased. It was paid in cash. 4. Signed a contract with IIE to plan their regional conference for the following month for $18,100. TIE paid in cash the full amount of the contract. 5. 3 speakers were booked for the IIE conference at a cost of $600.00 per speaker. Speaker fees are due when booked and are paid in cash. 6. Various giveaways were purchased for the IIE conference at a cost of $5.00 per person. Estimating 100 attendees at the conference. 7. Paid monthly salaries and wages of $8,000 8. Signed a contract with SWE to plan a day long event for regional high school students at a cost of $12,500. 50% was paid in cash and 50% is due on the week before the event begins. 9. 2 speakers were booked for the SWE conference at a cost of $500.00 per speaker. Speaker fees are due when booked. 10. Collected the balance on the SWE conference event. 11. Paid Sales Tax for the amount of $1,054.00. Accounts with opening balances from the previous month to be used for this scenario are as follows: Cash - $100,000 Accounts Receivable - $12,500 Software/ Computer Equipment - $3500 Event equipment - $20,000 Linens/Tableware - $4000 Capital Stock - $116,000 Accounts Payable - $24,000 Sales Salaries Expense Sales Taxes Licenses expense Leasing Expense Office Supplies expense Speaker Fees expense Giveaways expense Expense Ebense Accounts Receivable Accounts Payable Met Worth Capital Stock Expanse Accumulated Depr. rds