Check my work 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 2020, the first month of operations. May 2 Emily moved $8,150 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $792 into the business. 3 Purchased supplies, including a microphone, and brochures for $645 cash. May May 4 Purchased a printer for $252 on account. May May 6 Emily withdrew $335 for a Mother's Day gift. 5 Purchased a one-year insurance policy for $1,320 cash. May 8 Interviewed and hired one employee to assist with leading tours. May 10 Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $1,955 of cash for future tour bookings. May 15 Led three tours of Stanley Park and received $1,045 cash. May 25 Led four tours of Granville Island, for $1,465. The customers on this tour had prepaid on May 10. ces The following information is known at May 31, 2020. The laptop has an estimated life of three years. The printer has an estimated life of three years. There are $215 of supplies that are not used. . A portion of the insurance policy has expired. 6 Wages of $905 were unpaid and unrecorded. Note: For insurance, calculate to the day, for depreciation, calculate for the entire month. Required < Prev 10 of 10 Next 40 points eBook Ask Print References Mc Graw Hill Note: For insurance, calculate to the day, for depreciation, calculate for the entire month. Required 1-a. Prepare journal entries for the May transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 > Record the owner's initial investment. Note: Enter debits before credits. Date May 02, 2020 General Journal Debit Credit 0 < Prev 10 of 10 Next ASUS ENG IN 10 40 40 points eBook Ask 1-b. Prepare the adjusting entries. (Do not round intermediate calculations. Round the final answers to the nearest who View transaction list Journal entry worksheet 1 2 3 Print References Record depreciation on Laptop. Mc Graw Hill Note: Enter debits before credits. Date May 31, 2020 5 General Journal Debit Credit D < Prev 10 of 10 Next > EN aRB View transaction list entries. (Do not round intermediate calculations. Round the final answers to the nearest whole Journal entry worksheet Book < Ask Print erences 2 Record to close the revenue account. Note: Enter debits before credits. Date May 31, 2020 General Journal Debit Credit < Prev 10 of 10 Next ok. 2. Post the above journal entries to the T-accounts. ces Bal. Bal. Cash Supplies Bal. Bal. Accounts Payable < Prev 10 of 10 Next Emily Lee, Capital Prepaid Insurance Unearned Tour Revenue Bal. Bal. Bal Wages Payable Printer Laptop Bal. Emily Lee, Withdrawals 9 Accumulated Depreciation Laptop Bal Bal. Tour Revenue al. al. Sal. Depreciation Expense, Laptop Depreciation Expense, Printer Insurance Expenses Accumulated Depreciation, Printer bal. Bal. Bal. Bal. Income Summary Wages Expense Supplies Expenses Check my v 3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) VERY VANCOUVER Post-Closing Trial Balance May 31, 2020 Account Debit Credit < Prev 10 of 10 Next h 4 Homework i 10 Saved calculations. Round the final answers to the nearest whole dollar.) nts Revenues: eBook Ask Operating expenses: Print eferences VERY VANCOUVER Income Statement For Month Ended May 31, 2020 Total operating expenses 2-newconnect.mheducation.com%252F#/ Help S 10 nts eBook Ask Print 1 VERY VANCOUVER Statement of Changes in Equity For Month Ended May 31, 2020 Emily Lee, capital, May 1 Total eferences Emily Lee, capital, May 31 Saved Help Save 5. Prepare a classified balance sheet at May 31, 2020. (Do not round intermediate calculations. Round the final answers nearest whole dollar.) Check m 5. Prepare a classified balance sheet at May 31, 2020. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Current assets: Total current assets Property, plant and equipment: VERY VANCOUVER Balance Sheet May 31, 2020 Total property, plant and equipment Assets < Prev 10 of 10 Next Total property, plant and equipment Total assets Current liabilities: Total liabilities and equity Liabilities Equity Saved Hel