Reference no: EM132513857

Dec. 1 Helga Ander transferred $65,000 cash from a personal savings account to a checking account in tAnder Electric in exchange for its common stock.

1. 2 The company rented office space and paid $1,000 cash for the December rent.
2. 3 The company purchased $13,000 of electrical equipment by paying $4,800 cash and agreeing to p balance in 30 days.
3. 5 The company purchased office supplies by paying $800 cash.
4.  6 The company completed electrical work and immediately collected $1,200 cash for these services 8 The company purchased $2,530 of office equipment on credit.
5. 15 The company completed electrical work on credit in the amount of $5,000.
6. 18 The company purchased $350 of office supplies on credit.
7. 20 The company paid $2,530 cash for the office equipment purchased on December 8.
8.  24 The company billed a client $900 for electrical work completed; the balance is due in 30 days.
9. 28 The company received $5,000 cash for the work completed on December 15.
10. 29 The company paid the assistant's salary of $1,400 cash for this month. 30 The company paid $540 cash for this month's utility bill.
11. 31 The company paid $950 cash in dividends to the owner (sole shareholder)

Required:

Question 1: Prepare Income statement, Retained earnings ,Cash Flow statements Balancesheet.