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1. Set up general ledger accounts from the chart of accounts. 2. Journalize the transactions for May in a two-column general journal. Use the following

1. Set up general ledger accounts from the chart of accounts. 2. Journalize the transactions for May in a two-column general journal. Use the following journal page numbers: May 1-10, page 1; May 13-24, page 2; May 26-31, page 3. 3. Post the transactions to the general ledger. 4. Prepare a trial balance. 5. Prepare an income statement and a statement of owner's equity for the month of May, and a balance sheet as of May 31, 20

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