Accounting 1 P3-10A Pamper Me Salon:

Mainly stuck on E- I. All help is appreciated

P3-10A Pamper Me Salon Inc.'s general ledger at April 30, 2017, included the following: Cash $5,000, Supplies $500, Equipment $24,000, Accounts Payable $2,100, Notes Payable $10,000, Unearned Service Revenue (from gift certificates) $1,000, Common Stock $5,000, and Retained Earnings $11,400. The following events and transactions occurred during May. May 1 Paid rent for the month of May $1,000. 4 Paid $1,100 of the account payable at April 30. 7 Issued gift certificates for future services for $1,500 cash. 8 Received $1,200 cash from customers for services performed. 14 Paid $1,200 in salaries to employees. 15 Received $800 in cash from customers for services performed. 15 Customers receiving services worth $700 used gift certificates in payment. 21 Paid the remaining accounts payable from April 30. 22 Received $1,000 in cash from customers for services performed. 22 Purchased supplies of $700 on account. All of these were used during the month. 25 Received a bill for advertising for $500. This bill is due on June 13. 25 Received and paid a utilities bill for $400. 29 Received $1,700 in cash from customers for services performed. 29 Customers receiving services worth $600 used gift certificates in payment. 31 Interest of $50 was paid on the note payable. 31 Paid $1,200 in salaries to employees. 31 Paid income tax payment for the month $150. Instructions (a) Using T-accounts, enter the beginning balances in the general ledger as of April 30 , 2017. (b) Journalize the May transactions. (c) Post the May journal entries to the general ledger. (d) Prepare a trial balance on May 31, 2017. e) Prepare the Income Statement for the month ended May 31, 2017 f) Prepare the Statement of Retained Earnings for the month ended May 31, 2017 g) Prepare the Balance Sheet for May 31, 2017 h) Prepare the Statement of Cash Flows for the month ended May 31, 2017 1) Calculate the following for May: Working Capital, Current Ratio, Debt to Asset Ratio, Profit Margin, \& Return on Assets