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 $7,150 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $936 into the business. May 3 Purchased supplies, including a microphone, and brochures for $690 cash. May 4 Purchased a printer for $360 on account. May 5. Purchased a one-year insurance policy for $1,500 cash. May 6 Emily withdrew $383 for a Mother's Day gift. May 8 Interviewed and hired one employee to assist with leading tours. May 18 Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $2,420 of cash for future tour bookings May 15 Led three tours of Stanley Park and received $770 cash. May 25 Led four tours of Granville Island, for $1,435. 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 $230 of supplies that are not used. A portion of the insurance policy has expired. Wages of $900 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.) Required 1-a. Prepare journal entries for the May transactions. (If no entry is required for a transaction/ 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. 2. Post the above journal entries to the T-accounts. Cash Emily Lee, Capital Bal 0 Bal Supplies Prepaid Insurance Bal 0 Bal 0 Accounts Payable Unearned Tour Revenue Bal 0 Bai Wages Payable Emily Lee, Withdrawals Printer Accumulated Depreciation Laptop Bal 0 Bal 0 Laptop Tour Revenue Bal Bal 0 Depreciation Expense, Laptop Income Summary 0 Bal Bal Wages Expense Depreciation Expense, Printer 0 Bol Bal Insurance Expenses Supplies Expenses Bal 0 Bal 0 Accumulated Depreciation, Printer Bal 0 0 3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) VERY VANCOUVER Post-Closing Trial Balance May 31, 2020 Account Dabit Credit $ 05 0 Total 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.) VERY VANCOUVER Income Statement For Month Ended May 31, 2020 Revenues Operating expenses 0 Total operating expenses $ 0 VERY VANCOUVER Statement of Changes in Equity For Month Ended May 31, 2020 Emily Lee, capital, May 1 0 Total $ 0 0 Emily Lee, capital, May 31 $ 5. Prepare a classified balance sheet at May 31, 2020. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) VERY VANCOUVER Balance Sheet May 31, 2020 Assets Current assets S 0 Total current assets Property, plant and equipment Total property, plant and equipment Total assets $ 0 Liabilities Current liabilities Total property, plant and equipment Total assets 0 Liabilities Current liabilities Equity $ 0 Total liabilities and equity