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 inily moved s1e,4se froe her perkonal bank account to a business bank occount at to Bank. She also invested a laptop wonth S1, 368 into the business. hay 3 Purchased supplies, including a microphone, and brochures for $870 cash. May 4 Purchased a printer for $360 on account. May is Purchasod a one-year insurance policy for $2,220 cash. May of twilly withudrew 5282 for a Mother's Day gift. May if intervined and hired one employee to assist with leading tours. May 10 trily launched a social media campaign of Very Vancouver on Facebook. As a result, she received \$2,02s of cask for future tour bookines. May 15 Led three tours of Stanley Park and recelved 3625 cash. Mary 25 ted four tours of Granville Island, for $1,260. The custoners 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 5290 of supplies that are not used. - A portion of the insurance policy has expired. - Wages of 5605 were unpaid and unrecorded. Required 1.0. Prepare journal entries for the May transactions. (If no entry is required for a tronsaction/event, select "No joumal antry required" in the first occount field.) Required 1-8. Prepare journal entries for the May transactions, (If no entry is required for a transaction/event, select "No joumal ontry required" in the first account field.) 1-b. Prepare the adjusting entries, (Do not round intermediate calculotions, Round the finol answers to the nearest whole dollise.) 1-c. Prepare the closing entrics: (Do not round intermediate calculations. Round the final answers to the neorest whole dollor.) Journal entry worksheet 4 Recotd to close the revenue account. 2. Post the above joumat entrics to the T-accounts: 3. Prepare a post-closing trial balance. (Do not round intermediote calculotions, Round the final answers to the dollar.) 3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the finol onswers to the neorest whole dollar.) 4. Prepare an income statement and statement of changes in equity for the month ended May 31, 2023, (Do not round intermediote colculotions. 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 snswers to the nearest whole dollor.) Pitsx 1 of 2 Wt: Next >
