Dr. Dolittle has a veterinary clinic. The following accounts and balances appeared on the books as of April 30, 2013 (his fiscal year started April 1, 2013):

Cash	$ 25,000	Notes Payable	$ 13,000
Accounts Receivable	9,000	Accounts Payable	8,000
Office Supplies	3,000	Contributed Capital	70,000
Land	25,000	Retained Earnings	33,000
Building	40,000	Veterinary Service Revenue	70,000
Office Fixtures and Equipment	34,000	Advertising Expense	12,000
Medical Instruments	20,000	Salary Expense	26,000

The business transactions for May of 2013 are shown below:

MAY

1 Dr. Dolittle invested an additional $500,000 in cash in the business in exchange for 6,000 more shares of stock.

4 Additional land and a building were purchased for $150,000. Of this amount, $80,000 applied to the land, and $70,000 to the building. A cash payment of $110,000 was made at the time of the purchase, and a note payable was issued for the remaining balance.

9 Medical instruments were purchased for $140,000 cash.

16 Office fixtures and equipment were purchased for $51,500. Dr. Dolittle paid $35,500 cash at the time of purchase and agreed to pay the entire remaining balance in 20 days. (Use accounts payable)

21 Office supplies expected to last several months were purchased for $6,000 cash.

24 Dr. Dolittle billed clients $10,400 for services rendered. Of this amount, $8,200 was received in cash, and the balance was billed on account (due in 30 days).

27 A $900 invoice was received for several radio advertisements aired in May. The entire amount is due to be paid on June 5. (Use accounts payable)

28 Received $7,000 from accounts receivable collected.

29 Paid $8,500 of accounts payable that had become due.

31 Paid employees $6,300 for salaries they earned in May.

1. Prepare an unadjusted trial balance dated May 31, 2013.

2. Using figures from the unadjusted trial balance prepared in part 4 prepare an (unadjusted) balance sheet as of May 31, 2013.