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 2 Emily moved $5,900 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $972 into the business. May 3 Purchased supplies, including a microphone, and brochures for $705 cash. May 4 Purchased a printer for $396 on account. May 5 Purchased a one-year insurance policy for $1,560 cash. May 6 Emily withdrew $218 for a Mother's Day gift. May 8 Interviewed and hired one employee to assist with leading tours. Hay 10 Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $2,230 of cash for future tour bookings. May 15 Led three tours of Stanley Park and received $965 cash. Hay 25 Led four tours of Granville Island, for $1,215. 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 $235 of supplies that are not used. A portion of the insurance policy has expired Wages of $820 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.) View transaction list View journal entry worksheet No Date General Journal 1 May 02, 2023 Cash Laptop Debit Credit 5,900 972
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