Question: please help me create a balance sheet Problem 1-3A On May 1, Nimbus Flying School, a company that provides flying lessons, was started with an

please help me create a balance sheet Problem 1-3A On May 1,Nimbus Flying School, a company that provides flying lessons, was started withplease help me create a balance sheet

Problem 1-3A On May 1, Nimbus Flying School, a company that provides flying lessons, was started with an investment of $45,250 cash in the business. Following are the assets and liabilities of the company on May 31, 2017, and the revenues and expenses for the month of May Cash Accounts Receivable Equipment Service Revenue Advertising Expense Accounts Payable $4,900 Notes Payable $28,000 1,150 600 2,250 150 7,650 Rent Expense 64,250 Maintenance and Repairs Expense 7,050 Gasoline Expense 750 Utilities Expense 1,650 No additional investments were made in May, but the company paid dividends of $250 during the month

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