Help! 1. Do the general journal and post to the ledger accounts. Then prepare a trial balance based on the ledger accounts and compare to the check sums. Fix any ledger errors and journal errors you find.

2. Transfer the now corrected numbers into the trial Balance columns and complete the sheet using these adjusted entries:

-ending inventory $26,300 -ending store supplies inventory $6,500 - ending office supplies inventory. $3,680 -Estimated monthly depreciation of store equipment $1,050 -Estimated monthly depreciation office equipment $734 - Expired insurance. $500 -Bank fee for May $40 -Overdraft fee $165 -Interest earned in May $5

3. Prepare a May classified, multiple step income statement, a Mays owner equity and a May 31 classified balance sheet.

DATA and TRANSACTIONS Assume it is Monday, May 1, 202X, the first business day of the month, and you have just been hired as the accountant for Kodi and Company, which operates with monthly accounting periods. All of the company's accounting work has been completed through the end of April. Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10, 1/30. During your first month on the job, you record the following transactions: May 1 $3,000.00 Issued cheque # 3410 to [YOUR LAST NAME] Management Co. in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense- Office Space. Total amount of the cheque is: Issued cheque #3411 to Village of Kipp for water & sewer charges, total is; Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is The wholesale cost of the merchandise is: $200.00 May 2 May 2 S14,000.00 $6,720.00 $2,000.00 5960.00 $4,000.00 $15,000.00 $2,600.00 $400.00 $1.248.00 May 2 Issued a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory. The memorandum was for the amount of The wholesale cost of the returned merchandise is: May 3 Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this morning The amount of the return was. May 4 Purchased the following items on credit from Taber Supply Co. with invoice dated May 4, terms w/10 EOM - Merchandise for resale: -Office Equipment: - Office Supplies May 7 Received payment from Waterton Farms Inc, from the sale of April 30. May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). May 11 Received payment from Chinook Tractor Company for the May 2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was: May 15 Recorded the cash sales for the first half of the month The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 17 Received merchandise and an invoice dated May 14, terms 2/10, 1/60, from The Kipp Corp. The amount of the invoice was: May 22 Sold merchandise to Coaldale Services, invoice 8786. Terms 2/10, 1/60 The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 26 Issued cheque #3413 to [YOUR FIRST NAME] Power Works in payment of the May electric bill. The amount of the bill was: May 29 The owner, Benny Kodiak, withdrew money from the business for personal use using cheque # 3414. The amount of the withdrawal was: May 30 Received payment from Coaldale Services for the May 22 sale, May 30 Made an electronic transfer to pay the monthly bank loan payment May 30 Issued cheque # 3416, payable to Al's Delivery Services for the following transaction: - shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $30,000.00 $14,400.00 $10,000.00 $16,000.00 $7.680.00 $250.00 $4,000.00 $1,000.00 $200.00 $40,000.00 $19,200.00 DATA and TRANSACTIONS Assume it is Monday, May 1, 202X, the first business day of the month, and you have just been hired as the accountant for Kodi and Company, which operates with monthly accounting periods. All of the company's accounting work has been completed through the end of April. Kodi uses a perpetual system to account for inventory. The terms of all credit sales are 2/10, 1/30. During your first month on the job, you record the following transactions: May 1 $3,000.00 Issued cheque # 3410 to [YOUR LAST NAME] Management Co. in payment of the May rent. Charge 75% of the rent to Rent Expense - Selling Space and the balance to Rent Expense- Office Space. Total amount of the cheque is: Issued cheque #3411 to Village of Kipp for water & sewer charges, total is; Sold merchandise on credit to the Chinook Tractor Company, invoice 8785. The total retail price for the merchandise is The wholesale cost of the merchandise is: $200.00 May 2 May 2 S14,000.00 $6,720.00 $2,000.00 5960.00 $4,000.00 $15,000.00 $2,600.00 $400.00 $1.248.00 May 2 Issued a credit memorandum to Waterton Farms Inc. for merchandise we sold them on April 30 and which they returned for credit. The merchandise was returned to inventory. The memorandum was for the amount of The wholesale cost of the returned merchandise is: May 3 Received a credit memorandum from Canola Products for merchandise purchased on April 29 and that we returned for credit this morning The amount of the return was. May 4 Purchased the following items on credit from Taber Supply Co. with invoice dated May 4, terms w/10 EOM - Merchandise for resale: -Office Equipment: - Office Supplies May 7 Received payment from Waterton Farms Inc, from the sale of April 30. May 8 Issued cheque #3412 to Canola Products to pay for the merchandise received on April 29 (terms of the purchase had been 2/10 n/30). May 11 Received payment from Chinook Tractor Company for the May 2 sale. May 12 Received a credit memorandum from Taber Supply Co. for defective office equipment received on May 10 and returned for credit. The amount of the return was: May 15 Recorded the cash sales for the first half of the month The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 17 Received merchandise and an invoice dated May 14, terms 2/10, 1/60, from The Kipp Corp. The amount of the invoice was: May 22 Sold merchandise to Coaldale Services, invoice 8786. Terms 2/10, 1/60 The total retail price for the merchandise is: The wholesale cost of the merchandise is: May 26 Issued cheque #3413 to [YOUR FIRST NAME] Power Works in payment of the May electric bill. The amount of the bill was: May 29 The owner, Benny Kodiak, withdrew money from the business for personal use using cheque # 3414. The amount of the withdrawal was: May 30 Received payment from Coaldale Services for the May 22 sale, May 30 Made an electronic transfer to pay the monthly bank loan payment May 30 Issued cheque # 3416, payable to Al's Delivery Services for the following transaction: - shipping cost for incoming merchandise May 31 Recorded the cash sales for the second half of the month. The total retail price for the merchandise is: The wholesale cost of the merchandise is: $30,000.00 $14,400.00 $10,000.00 $16,000.00 $7.680.00 $250.00 $4,000.00 $1,000.00 $200.00 $40,000.00 $19,200.00