Reference no: EM132498253

Question - Jerry Ambers opened a landscaping business, Ambers Design, on September 3 2019. During the first month of operations, the business completed the following transactions:

Sep. 2 Ambers deposited $46,000 cash in the business bank account.

Sep. 3 Purchased supplies, $650, and lawn equipment, $9,500, on account.

Sep. 7 Paid cash to acquire land for a future garage site, $33,000.

Sep. 15 Paid secretary's salary, $2,150.

Sep. 16 Paid for the lawn equipment purchased September 3 on account.

Sep. 19 Performed services on account for tree removal, $4,100.

Sep. 29 Received partial collection from client on account, $400 in relation to the September 19 transaction.

Sep. 30 Supplies left on hand, $490.

Sep. 30 Accrued warehouse rent expense, $800, salaries $620, and repairs & maintenance expense $280.

Sep. 30 Recorded lawn equipment depreciation for the month, $400.

Required - Prepare the income statement, the statement of owner's equity, and the balance sheet.