|ACCUUN I NAMt: Electrical Supplies |ACCOUNT NAME: Electrical Equipment: 30 Paid May utilities bill $85 to the City, using cheque \#212. 30 Received and deposited $850 from Janice Sparks, for Inv \# 12670 of May 4th. 30 Paid $1350 against bank loans, by transfer, confirm\# 89156 . 30 Paid month-end Salaries \& Wages \$2,595, cheque \#'s 214-218 30 The month end bank statement was received, and the bank has charged $25 for bank charges, DM\#1 and an additional \$100 for cheques ordered earlier in the month, DM\#2. Dennis Davies decided to begin his own electrical service business on May 2, 2016. He named his business Power First Electrical and as his Bookkeeper you will initiate the process by performing the following tasks. Forms have been provided. (a) Journalize the opening entry of May 2, 2016. (b) Journalize the May transactions (c) Post [a \& b] to the General Ledger. (d) Prepare a Trial Balance. (e) Prepare Finamcial Statements for May. The chart of accounts: You may need to add new account names and numbers appropriate to the purchase. :TIVITY FOR THE MONTH OF MAY 3 Paid \$145 to City of Abby for Business License, cheque \#203. 3 Paid Capital Management \$1,150 for May Rent, cheque \#204 4 Incurred $1,400 to NewsPrint for advertising cost, terms 45 days 4 Billed a client Janice Sparks on Inv \# 12670 for electrical services rendered, \$2 850 . 5 Services rendered for cash sale, CS \#1, Bob Tanner for \$3,900. 5 D Davies filled up his personal vehicle with gas, to use for company purposes $80.00 at Petrocan. Used company debit card. 8 Paid for $50 for postage at Canada Post outlet, cheque \#205 8 Electrical services rendered Cash Sale CS \#2 to Mary B, for $1,325. 8 D Davies secured an additional bank loan for \$12 000; Dep Confirmation \#DEP592 10 Purchased $5200 worth of supplies, on account, from Blue Lights Inc., of which $1200 was paid as a deposit. 15 D Davies withdrew $1,250 cash, for personal use. 15 Paid mid-month Salaries \& Wages \$2,550.Cheque \#'s 206-209 17 Purchased a second hand service van from a private buyer. Paid with bank guaranteed cheque #500190, for $16000. 20 D Davies paid BC Safety Authority office for apprentice training of Electrical Codes, using his own personal funds, \$1750. 25 Paid West Bell Canada phone bill $155 cheque \# 210. The bookkeeper was also asked to pay D Davies personal phone bill of $75 with the same cheque number. 25 Paid CanTyres $425 for service overhaul on vehicle purchase, using cheque \#211. 26 Services rendered on account, Invoice \#12671 to Tony Pitale in the amount of $4675. Terms 15 days