At the end of May, the following adjustment data were assembled Analyze and use these data to complete parts 6 8 a Insurance expired during May is $275 b Supplies on hand on May 31 are $715 c Depreciation of office equipment for May is $330 d Accrued receptionist salary on May 31 is $325 e Rent expired during May is $1,600 f Unearned fees on May 31 are $3,210 6 Journal Adjusting entries 7 Journal Adjusted Entries 8 Post Closing Trial Balance Mike Shaw began his contracting business, Mike Shaw Contractors, on April 1, 2017 The post closing trial balance for Mike Shaw Contractors for April is down below During May, Mike Shaw Contractors entered into the following transactions May 3 Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500 5 Received cash from clients on account, $2,450 9 Paid cash for a newspaper advertisement, $225 13 Paid Office Station Co for part of the debt incurred on April 5, $640 15 Recorded services provided on account for the period May 115, $9,180 16 Paid part time receptionist for two weeks' salary including the amount owed on April 30, $750 17 Recorded cash from cash clients for fees earned during the period May 116, $8,360 Record the following transactions on Page 6 of the journal 20 Purchased supplies on account, $735 21 Recorded services provided on account for the period May 1620, $4,820 25 Recorded cash from cash clients for fees earned for the period May 1723, $7,900 27 Received cash from clients on account, $9,520 28 Paid part time receptionist for two weeks' salary, $750 30 Paid telephone bill for May, $260 31 Paid electricity bill for May, $810 31 Recorded cash from cash clients for fees earned for the period May 2631, $3,300 31 Recorded services provided on account for the remainder of May, $2,650 31 Mike Shaw withdrew $10,500 for personal use Chart of Accounts for Mike Shaw Contractors 11 12 31 32 14 15 16 18 19 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries payable Unearned Fees 33 41 51 52 53 Mike Shaw, Capital Mike, Shaw, Drawing Income Summary Fees Earned Salary Expense Rent Expense Supplies Expense 21 22 54 55 Depreciation Insurance Expense Miscellaneous Expense 23 59 Post Closing Trial Balance, Mike Shaw Contractors Credits Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Fees Mike Shaw, Capital Totals Mike Shaw Contractors Post Closing Trial Balance April 30, 2017 Debits 22, 100 3,400 1,350 3,200 1,500 14,500 330 800 120 2,500 42,300 46,050 46,050

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At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts 6-8 a. Insurance expired during May

At the end of May, the following adjustment data were assembled. Analyze and use these data to complete parts 6-8

a. Insurance expired during May is $275.

b. Supplies on hand on May 31 are $715.

c. Depreciation of office equipment for May is $330.

d. Accrued receptionist salary on May 31 is $325.

e. Rent expired during May is $1,600.

f. Unearned fees on May 31 are $3,210.

6. Journal- Adjusting entries

7. Journal- Adjusted Entries

8. Post Closing Trial Balance

Mike Shaw began his contracting business, Mike Shaw Contractors, on April 1, 2017. The post-closing trial balance for Mike Shaw Contractors for April is down below. During May, Mike Shaw Contractors entered into the following transactions:

May 3.	Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $4,500.
5.	Received cash from clients on account, $2,450.
9.	Paid cash for a newspaper advertisement, $225.
13.	Paid Office Station Co. for part of the debt incurred on April 5, $640.
15.	Recorded services provided on account for the period May 115, $9,180.
16.	Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750.
17.	Recorded cash from cash clients for fees earned during the period May 116, $8,360.
Record the following transactions on Page 6 of the journal:
20.	Purchased supplies on account, $735.
21.	Recorded services provided on account for the period May 1620, $4,820.
25.	Recorded cash from cash clients for fees earned for the period May 1723, $7,900.
27.	Received cash from clients on account, $9,520.
28.	Paid part-time receptionist for two weeks' salary, $750.
30.	Paid telephone bill for May, $260.
31.	Paid electricity bill for May, $810.
31.	Recorded cash from cash clients for fees earned for the period May 2631, $3,300.
31.	Recorded services provided on account for the remainder of May, $2,650.
31.	Mike Shaw withdrew $10,500 for personal use.

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Chart of Accounts for Mike Shaw Contractors 11 12 31 32 14 15 16 18 19 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries payable Unearned Fees 33 41 51 52 53 Mike Shaw, Capital Mike, Shaw, Drawing Income Summary Fees Earned Salary Expense Rent Expense Supplies Expense 21 22 54 55 Depreciation Insurance Expense Miscellaneous Expense 23 59 Post-Closing Trial Balance, Mike Shaw Contractors Credits Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned Fees Mike Shaw, Capital Totals Mike Shaw Contractors Post-Closing Trial Balance April 30, 2017 Debits 22, 100 3,400 1,350 3,200 1,500 14,500 330 800 120 2,500 42,300 46,050 46,050