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 2023, 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.
May		3	Purchased supplies, including a microphone, and brochures for $645 cash.
May		4	Purchased a printer for $252 on account.
May		5	Purchased a one-year insurance policy for $1,320 cash.
May		6	Emily withdrew $335 for a Mothers Day gift.
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.

The following information is known at May 31, 2023.

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.

Wages of $905 were unpaid and unrecorded.

1-c. Prepare the closing entries. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

2. Post the above journal entries to the T-accounts.

3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

4. Prepare an income statement and statement of changes in equity for the month ended May 31, 2023. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

5. Prepare a classified balance sheet at May 31, 2023. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)