Kris formed a consulting business, KrisCo Management Consulting in September. Operations will begin October. The following events occurred during the month of September: 1. Kris invested $10,000 into the business.
2. She hired an assistant who will be paid $2,000 per month. The assistant begins work on Oct. 1.
3. Signed a lease agreement for office space at a cost of $1,000 per month. Paid the first three months in advance. The business will move in on October 1.
4. Borrowed $30,000 from the local bank. The loan bears interest.
5. Bought $6,000 in office equipment. The equipment will be used for 4 years

Required:
Prepare any necessary adjustments and financial statements.