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 2020, the first month of operations.

May		2	Emily moved $6,400 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $1,152 into the business.
May		3	Purchased supplies, including a microphone, and brochures for $780 cash.
May		4	Purchased a printer for $576 on account.
May		5	Purchased a one-year insurance policy for $1,860 cash.
May		6	Emily withdrew $311 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 $2,135 of cash for future tour bookings.
May		15	Led three tours of Stanley Park and received $985 cash.
May		25	Led four tours of Granville Island, for $1,270. The customers on this tour had prepaid on May 10.

The following information is known at May 31, 2020.

• The laptop has an estimated life of three years.
• The printer has an estimated life of three years.
• There are $260 of supplies that are not used.
• A portion of the insurance policy has expired.
• Wages of $970 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.)

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

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, 2020. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

5. Prepare a classified balance sheet at May 31, 2020. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)