Question: needing help making a Income statement, Balance sheet, and statement of Owner's equity. with this information orovided. Complete the following statements using pages 26-27 as
Complete the following statements using pages 26-27 as references. The following statements may need to be adjusted to fit all content. The cash balance at the end of the period is calculated by what you invested/deposited and received for doing work minus what you paid or withdrew. Supplies used does not affect cash only what you paid on account. The beginning capital is zero. On May 1, 2017, Superman established Metropolis Realty. Superman completed the following transactions during the month of May: 1. Opened a business bank account with a deposit of $45,500 from his Superhero funds. 2. Purchased criminal catching supplies on account, $3,100. 3. Paid creditor on account, $1,100. 4. Earned Superhero commissions, receiving cash, $53,000. 5. Paid rent on his Fortress of Solitude for the month, $7,500. 6. Withdrew cash for personal use, $5,500. 7. Paid Supermobile expenses (including rental charge) for month, $2,050, and miscellaneous expenses, $1,050. 8. Paid Lois Lane's salaries, $3,500. 9. Determined that the cost of criminal catching supplies on hand was $1,150; therefore, the cost of criminal catching supplies used was $1,950
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