A. Prepare a tabular summary of transactions
B. Formulate the income statement, retained earnings statement, and balance sheet 

Information:

After running an established business for 2 years, INNO reported a 38% annual growth margin; For the period ended 31 September 2018, they reported the following transactions:

1. Shareholders invested $10,000 in cash in exchange for common stock of INNOmuebles

2. Paid $800 for July rent for office space.

3. Bought office equipment for $3,000 account.

4. He sold various items (furniture) to customers for $1,500 in cash.

5. He borrowed $700 in cash in exchange for a promissory note payable from a bank.

6. I sold office furniture to a specific client for $2,000.

7. Monthly expenses paid: salaries $500, utilities $300, and advertising $100.