Question
Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for
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 May May 2 Emily moved $9,650 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $1,440 into the business. 3 Purchased supplies, including a microphone, and brochures for $900 cash. 4 Purchased a printer for $432 on account. May May 6 Emily withdrew $303 for a Mother's Day gift. 5 Purchased a one-year insurance policy for $2,340 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 $1,990 of cash for future tour bookings. May 15 Led three tours of Stanley Park and received $820 cash. May 25 Led four tours of Granville Island, for $1,235. 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. 0 9 There are $300 of supplies that are not used. A portion of the insurance policy has expired. Wages of $915 were unpaid and unrecorded. 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.)
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