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Can someone help with question 4-18? Required: 1. Prepare journal entries for the May transaction 2. Post journal entries to the general journal. 3. Prepare

Can someone help with question 4-18?
Required:
1. Prepare journal entries for the May transaction
2. Post journal entries to the general journal.
3. Prepare and post all required adjusting entries to the general journal
4. Prepare an income statement, a statement of changes in equity, and a classified balance sheet
5. Prepare journal entries to close the temporary accounts and post them to the accounts
6. Prepare a post-closing trial balance.
image text in transcribed
Exercise 4-18 Complete Accounting cycle (monthly) LO2,3,5,6 Emily 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 2017, the first month of operations. Emily moved $5,500 from her personal bank account to a business bank account at TD Bank. She also May 2 invested a laptop worth $900 into the business Purchased supplies, including a microphone, and brochures for $600 cash May 3 Purchased a printer for $360 on account. May 4 Purchased a one-year insurance policy for $2,400 cash. May 5 Emily withdrew $200 for a Mother's Day gift May 6 Interviewed and hired one employee to assist with leading tours. May 8 Emily launched a social media campaign of very Vancouver on Facebook. As a result, she received $1,q20 of May 10 cash for future tour bookings. Led three tours of Stanley Park and received $600 cash May 15 Led four tours of Granville lsland for $1,000. The customers on this tour had prepaid on May 10 May 25 The following information is known at May 31, 2017. The laptop has an estimated life of three years. The printer has an estimated life of three years There are $200 of supplies that are not used A portion of the insurance policy has expired. wages of $500 were unpaid and unrecorded Required 1. Prepare journal entries for the May transactions. 2. Post the journal entries to the general ledger accounts using Paeeounts 3. Prepare and post all required adjusting entries to the Taccaunts, Ba 4. Prepare an income statement, statement of changes in equity, and classified balance sheet. 5. Prepare the journal entries for the closing entries and post them to the accounts 6. Prepare a post-closing trial balanc

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