Please dont provide solution in an image format thank you 5. Prepare an income statement and a statement of changes in equity for the month ended October 31, 2023, as well as a balance sheet atOctober 31, 2023.Oct.1 Graham invested $90,000 cash, a $36,000 computer system, and $18,000 of office equipment in the business.2 Paid rent in advance of $9,000.3 Purchased computer supplies on credit for $2.640 from Abbott Office Products.5Paid $4,320 cash for one year's premium on a property and liability insurance policy.68Billed Capital Leasing $6,600 for installing a new computer.Paid for the computer supplies purchased from Abbott Office Products10Hired Carly Smith as a part-time assistant for $200 per day, as needed.12 Billed Capital Leasing another $2,400 for computer services rehdered.15 Received $6,600 from Capital Leasingits account.17 Paid $1,410 to repair computer equipment damaged when moving into the new office.20 Paid $3,720 for an advertisement in the local newspaper.22 Received $2,400 from Capital Leasing on its account.28 Billed Decker Company $6,450 for services.31 Paid Carly Smith for seven days' work.31 Withdrew $7,200 cash from the business for personal use.Page 16940

Name: Please dont provide solution in an image format thank you 5. Prepare a
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Description: Please dont provide solution in an image format thank you 5. Prepare an income statement and a statement of changes in equity for the month ended October 31, 2023, as well as a balance sheet atOctober 31, 2023.Oct.1 Graham invested $90,000 cash, a $3

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5. Prepare an income statement and a statement of changes in equity for the month ended October 31, 2023, as well as a balance sheet at October 31, 2023. Oct 1 Graham invested $90,000 cash, a $36,000 computer system, and $18,000 of office equipment in the business. 2 Paid rent in advance of $9,000. 3 Purchased computer supplies on credit for $2.640 from Abbott Office Products. 5 Paid $4,320 cash for one year's premium on a property and liability insurance policy. 6 Billed Capital Leasing $6,600 for installing a new computer. 8 Paid for the computer supplies purchased from Abbott Office Products 10 Hired Carly Smith as a part-time assistant for $200 per day, as needed. 12 Billed Capital Leasing another $2,400 for computer services rendered. 15 Received $6,600 from Capital Leasing on its account. 17 Paid $1,410 to repair computer equipment damaged when moving into the new office. 20 Paid $3,720 for an advertisement in the local newspaper. 22 Received $2,400 from Capital Leasing on its account. 28 Billed Decker Company $6,450 for services. 31 Paid Carly Smith for seven days work. 31 Withdrew $7,200 cash from the business for personal use. Page 169 17