1-b. Prepare the adjusting entries. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

1-c. Prepare the closing entries. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

2. Post the above journal entries to the T-accounts.

3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the final answers to the nearest whole

4. Prepare an income statement and statement of changes in equity for the month ended May 31, 2023. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

5. Prepare a classified balance sheet at May 31. 2023. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

Emilly Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for university, she opened a walking tour company, Very Vancouver. The following are transactions for the month of May 2023 , the first month of operations May 2 taily soved $9,550 fron her personal bank account to a business bank account at 10 bank. She also invested a laptop worth $1,332 into the business. May 3 Purchased supplies, including a aicrophone, and brochures for $355cash. May 4 Purchased a printer for $324 on account. May 5 Purchased a one-year insurance policy for $2,160 cash. May 6 Enily withdreu $214 for a Mother's Day gift. May \& Interviesed and hired one exployee to assist with leading tours. May 10 Enily launched a social wedia campaign of Very Vancouver on Facebook. As a result, she received 52,125 of cach for future tour bookines. Hay 15 ted three tours of stanley Park and received 11,020 cash. May 25 Led four tours of Granville tsland, for 51,170 . The customers on this tour had prepaid on May 10 . The following information is known at May 31, 2023 - The laptop has an estimated life of three years - The printer has an estimated life of three years. - There are $285 of supplies that are not used - A portion of the insurance policy has explied. - Wages of $62.5 were unpaid and unrecorded. Required 1-6. Prepare journal entries for the May transactions. (If no entry is reguired for n trnnsaction/muent salect "Nn inumnal antru