Green Landscaping Inc, opened for business and completed the following transactions during the month of May, May 1: Cliff Green, the owner, invested $40,000 cash along with a truck valued at $60,000 in the company in exchange for common stock. May 3: The company paid $9,000 cash for 12 months' rent for office space. May 4: The company made credit purchases for $8,000 in landscaping equipment. Payment is due in 10 days. May 9: The completed completed work for a client and immediately received $3,280 cash. May 11: The company completed a $15,400 project for a client, who must pay within 30 days. May 13: The company paid $8,000 cash to settle the payment from May 4 credit purchase transaction. May 19: The company paid $2,100 cash for the premium on a 12 month insurance policy. May 22. The company received $7,700 cash as partial payment for the work completed on May 11. . . May 23: The company completed work for another client for $2,300 on credit. May 28: The company paid a $5,100 cash dividend. May 29: The company purchased $550 of supplies on credit May 30: The company paid $950 for this month's utility bill. The following is Green Landscaping's chart of accounts: Account Number Account Name Cash Accounts Receivable Supplies Prepaid Insurance Prepaid Rent Landscaping Equipment 100 110 120 130 135 160 170 200 300 310 330 400 Truck Accounts Payable Common Stock Dividends Retained Earnings Service Revenue 310 330 400 600 Dividends Retained Earnings Service Revenue Utilities Expense Requirements: 1. Prepare the journal entries to record the transactions that occurred in May. 2. Prepare a trial balance as of the end of May. 3. Answer the questions relating to Green's financial statements for the month ended May 31. QUESTION 2 Prepare general journal entries to record all the transactions that occurred in May. If no entry is required on a certain date type No Entry. QUESTION 3 Prepare the company's trial balance for the month ended May 31. QUESTION 4 What is the amount of net income or loss shown on the Income Statement? Forth QUESTION 5 What is the ending balance in Retained Earnings? QUESTION 6 What are total assets on the balance sheet? QUESTION 7 What are total liabilities on the balance sheet? For the foolher ALT 40 (DOy ALT ott QUESTION 8 What is the amount of total equity shown on the balance sheet?