1. Based on the trial balance, provide the name of the account that would accompany (a) Prepaid Rent and (b) Depreciation Expense in deferral adjustments at May 31. (Check all that apply.)

• Accumulated Depreciation

• Accounts Receivable

• Cash

• Inventories

• Other Current Liabilities

• Rent Expense

• Selling, General and Administrative Expenses

2. Based on the trial balance, provide the name of the account that would accompany (a) Interest Revenue and (b) Salaries and Wages Expense in accrual adjustments at May 31. (Check all that apply.)

• Accumulated Depreciation

• Cash

• Contributed Capital

• Interest Receivable

• Notes Payable

• Prepaid Expense

• Salaries and Wages Payable

3-a. Prepare an income statement for the year ended May 31, 2019.

3-b. Prepare a statement of retained earnings for the year ended May 31, 2019.

3-c. Prepare a classified balance sheet at May 31, 2019.

Speedy Ship reported its balance sheet at May 31, 2019. Assume the following alphabetically listed accounts were included in its trial balance immediately prior to preparing the financial statements