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. 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 T-accounts. 3. Prepare and post all required adjusting entries to the T-accounts. 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 T-accounts. 6. Prepare a post-closing trial balance