I have done the first half of the work, i Dont know how to do the black areas which are all part of section 2a - the end. it says to use the 1a- start of 2a section to do the general ledger and the worksheet but i have no clue how to do it. I only really want help with the general ledger thats blank and the worksheet part and i think i can do the rest from that but if i could also get help from the rest that would be good. i just am really struggling with the general ledger part because i cant find a video on how to one like this at all nor find anything else similar to this

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its ledgers show April 30 balances. During your first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 2/10, n/30 unless stated differently): May 1 Issued Check Number 3410 to S&P Management Company in payment of the May rent for $3,900. Charge $3,006 to Rent Expense-Selling Space, and charge $894 to Rent Expense-Office Space. (Use two lines to record the transaction. ) May 2 (a) Sold merchandise on credit to Hensel Company, Invoice Number 8785, for $8,000 (cost is $6,000). May 2 (b) Issued an allowance (price reduction) of $270 to Knox Company for merchandise sold on April 28. The total selling price (gross) was $4,820. May 3 Issued a refund of $636 to Peyton Products for the return of merchandise purchased on April 29. Colo's accounts payable was reduced by that amount. May 4 Purchased the following on credit from Gear Supply Company: merchandise, $37,110; store supplies, $612; and office supplies, $102. Invoice dated May 4, terms n/30. May 5 Received payment from Knox Company for the balance from the April 28 ($4,550) sale less the May 2 return and the $91 discount. May & Issued Check Number 3411 to Peyton Products to pay for the $7,193 of merchandise purchased on April 29 less the May 3 return and the $164 discount. May 9 Sold store supplies (noninventory) to the business next door at their cost of $407 cash. Hint: Enter "Store Supplies" only in the Account credited column. May 10 Purchased $4,188 of office equipment on credit from Gear Supply Company, terms n/30. May 11 (a) Received payment from Hensel Company for the May 2 sale less the discount of $160. May 11 ibi Purchased $10,700 of merchandise from Garcia, Incorporated, terms 2/10, n/30. May 12 Received a(n) $968 price reduction from Gear Supply Company for the return of office equipment received on May 10. Colo debited accounts payable by that amount. May 15 (a) Issued Check Number 3412, payable to Payroll, in payment of sales salaries, $5,510, and office salaries, $3,340. May 15 (b) Cash sales for the first half of the month are $59,600 (cost is $38,580). These cash sales are recorded in the cash receipts journal on May 15. May 15 (c) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. May 16 Sold merchandise on credit to Hensel Company, Invoice Number 8786, for $4,180 (cost is $2,080). May 17 Purchased $13,840 of merchandise from Fink Corporation, terms 2/10, n/60. May 19 Check Number 34 arcia, Incorporated, in payment of its May 11 purchase les the discou of $271. May 22 Sold merchandise to Lee Services, Invoice Number 8787, for $7,040 (cost is $5,180), terms 2/10, n/60. May 23 Issued Check Number 3414 to Fink Corporation in payment of its May 17 purchase less the discount of $311. May 24 Purchased the following on credit from Gear Supply Company: merchandise, $8,500; store supplies, $820; and office supplies, $660. Terms n/30. May 25 Purchased $3,460 of merchandise from Peyton Products, terms 2/10, n/30. May 26 (a) Sold merchandise on credit to Crane Corporation, Invoice Number 8788, for $14,400 (cost is $8,610). May 26 (b) Issued Check Number 3415 to Perennial Power in payment of the May electric bill, $1,321. May 29 The owner of Colo Company, Jenny Colo, used Check Number 3416 to withdraw $7,000 cash from the business for personal use. May 30 (a) Received payment from Lee Services for the May 22 sale less the discount of $156. May 30 (b) Issued Check Number 3417, payable to Payroll, in payment of sales salaries, $5,510, and office salaries, $3,340. May 31 (a) Cash sales for the last half of the month are $66,204 (cost is $42,595). These cash sales are recorded in the cash receipts journal on May 31. May 31 (b) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month- end postings. to 2-a. Complete the work sheet using the following information for accounting adjustments. Prepare and post adjusting and closing entries. a. Expired insurance, $572. b. Ending store supplies inventory, $2,651. c. Ending office supplies inventory, $523. d. Depreciation of store equipment, $586. e. Depreciation of office equipment, $348. 2-b. Prepare all necessary ledgers for accounting adjustments. 2-c. Prepare a work sheet for the month ended May 31. 3-a. Prepare a May multiple-step income statement. 3-b. Prepare a May statement of owner's equity. 3-c. Prepare a May 31 classified balance sheet. 4-a. Prepare a post-closing trial balance. 4-b1. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts receivable. 4-62. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts payable. SALES JOURNAL Date Account Debited Invoice Number 8785 May 02 May 16 May 22 May 26 8786 Accounts Cost of Goods Receivable Sold Debit Debit Sales Inventory Credit Credit $ 8,000 $ 6,000 4,180 2,080 7,040 5,180 14,400 8,610 Hensel Company Hensel Company Lee services Crane Corporation 8787 8788 May 31 Totals $ 33,620 $ 21,870 PURCHASES JOURNAL Date Account Date of Invoice Terms Office Supplies Debit $ 102 Other Accounts Debit Accounts Inventory Payable Debit Credit $ 37,824 $ 37,110 4,188 5/4 n/30 $ 612 Store supplies/Gear Supply Office equipment/ Gear Supply 5/10 n/30 4,188 5/11 2/10, n/30 10,700 10,700 May 04 May 10 May 11 May 17 May 24 May 25 5/17 13,840 13,840 Garcia, Incorporated Fink Corporation Store supplies/Gear Supply Peyton products 2/10, n/60 n/30 2/10, n/30 9,980 660 5/24 5/25 820 8,500 3,460 3,460 May 31 Totals $ 79,992 $ 73,610 $ 762 $ 5,620 CASH RECEIPTS JOURNAL Date Account Credited Cash Debit Sales Discount Debit Accounts Other Receivable Sales Credit Accounts Credit Credit Cost of Goods Sold Debit Inventory Credit $ 4,459 $ 91 $ 4,550 407 407 Knox, Incorporated Store supplies/Gear Supply Hensel Company Sales 7,840 160 May 05 May 09 May 11 May 15 May 30 May 31 8,000 59,600 59,600 38,580 Lee services 6,884 156 7,040 Sales 66,204 66,204 42,595 May 31 Totals $ 145,394 $ 407 $ 19,590 $ 125,804 $ 407 $ 81,175 CASH PAYMENTS JOURNAL Date Check Number Payee Account Debited Cash Credit Inventory Credit Other Accounts Debit Accounts Payable Debit $ 3,006 May 01 3410 S and P Management Company Rent expense - Selling space Rent expense - Office space Peyton products 894 3,900 7,029 May 08 3411 Peyton products 164 7,193 5,510 May 15 3412 Payroll Sales salaries expense Office salaries expense 8,850 3,340 3413 3,917 271 Garcia, Incorporated Fink Corporation 4,188 13,840 3414 13,529 311 May 19 May 23 May 26 May 29 3415 Perennial power Garcia, Incorporated Fink Corporation Utilities expense Jenny Colo Sales salaries expense Office salaries expense 1,321 7,000 1,321 7,000 3416 Jenny Colo 5,510 May 30 3417 Payroll 2,170 $ 47,716 3,340 $ 29,921 May 31 Totals $ 746 $ 25,221 No Date General Journal Debit Credit 1 May 02 270 Sales returns and allowance Accounts receivableKnox, Incorporated 270 2 May 03 836 Accounts payable-Peyton products Inventory 836 3 May 12 968 Accounts payableGear Supply Company Office equipment 968 No Date General Journal Debit Credit 1 May 31 572 572 Insurance expense Prepaid insurance Income summary Insurance expense 572 572 N May 31 2,651 N 2,651 Store supplies expense Store supplies Income summary Store supplies expense 2,651 2,651 3 May 31 523 523 Office supplies expense Office supplies Income summary Office supplies expense 523 523 4 May 31 586 586 Depreciation expenseStore equipment Accumulated depreciationStore equipment Income summary Depreciation expenseStore equipment 586 586 5 May 31 348 348 Depreciation expense-Office equipment Accumulated depreciation-Office equipment Income summary Depreciation expense-Office equipment 348 348 6 May 31 4,680 Income summary Office supplies expense Store supplies expense Depreciation expense-Office equipment Depreciation expense-Store equipment Insurance expense 523 2,651 348 586 572 GENERAL LEDGER Cash Debit Accounts Receivable Debit Date Credit Date Credit Balance 50,665 Balance 4,820 April 30 April 30 Merchandise Inventory Debit Office Supplies Debit Date Credit Balance Date Credit Balance April 30 220,270 April 30 525 Store Supplies Debit Prepaid Insurance Debit Date Credit Balance Date Credit Balance 3,546 April 30 2,504 April 30 Office Equipment Debit Accumulated Depreciation Office Equipment Date Debit Credit Date Credit Balance 22,660 Balance 9,955 April 30 April 30 Store Equipment Debit Accumulated Depreciation-Store Equipment Date Debit Credit Date Credit Balance 39,300 Balance 17,784 April 30 April 30 Accounts Payable Debit Jenny Colo, Capital Debit Date Credit Balance Date Credit Balance April 30 7,193 April 30 309,358 Sales Jenny Colo, Withdrawals Debit Date Credit Balance Date Debit Credit Balance Sales Returns and Allowances Debit Sales Discounts Debit Date Credit Balance Date Credit Balance Cost of Goods Sold Debit Depreciation Expense-Office Equipment Debit Credit Date Credit Balance Date Balance Depreciation Expense-Store Equipment Debit Credit Office Salaries Expense Debit Date Balance Date Credit Balance Sales Salaries Expense Debit Insurance Expense Debit Date Credit Balance Date Credit Balance Rent Expense, Office Space Debit Rent Expense, Selling Space Debit Date Credit Balance Date Credit Balance Office Supplies Expense Store Supplies Expense Debit Date Debit Credit Balance Date Credit Balance Utilities Expense Debit Income Summary Debit Date Credit Balance Date Credit Balance ACCOUNTS RECEIVABLE LEDGER Crane Corporation Debit Hensel Company Debit Date Credit Balance Date Credit Balance May 26 Knox, Incorporated Debit Lee Services Debit Date Credit Date Credit Balance Balance 4,820 April 28 ACCOUNTS PAYABLE LEDGER Fink Corporation Debit Garcia, Incorporated Debit Date Credit Balance Date Credit Balance ACCOUNTS PAYABLE LEDGER Fink Corporation Debit Garcia, Incorporated Debit Date Credit Balance Date Credit Balance Peyton Products Gear Supply Company Debit Date Credit Balance Date Debit Credit Balance April 29 7,193 COLO COMPANY Work Sheet for Month Ended May 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Equity Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts receivable Merchandise inventory Office supplies Store supplies Prepaid insurance Office equipment Accumulated depreciation - Office equipment Store equipment Accumulated depreciation - Store equipment Accounts payable Jenny Colo, Capital Jenny Colo, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation Expense-Office equipment Depreciation Expense-Store equipment Office salaries expense Sales salaries expense Insurance expense Rent expense, office space Rent expense, selling space Office supplies expense Store supplies expense Utilities expense Totals $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net income Totals $ 0 $ 0 $ 0 $ 0 COLO COMPANY Income Statement For Month Ended May 31 Revenues Net sales Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses COLO COMPANY Statement of Owner's Equity For Month Ended May 31 0 $ 0 COLO COMPANY Balance Sheet May 31 Assets Current assets: Total current assets 0 Plant assets 0 0 Total plant assets 0 Total assets $ 0 Liabilities Current liabilities: Total liabilities 0 Equity Total liabilities and equity $ 0 COLO COMPANY Post-Closing Trial Balance May 31 Debit Credit Totals $ 0 $ COLO COMPANY Schedule of Accounts Receivable May 31 Crane Corporation Hensel Company Knox, Incorporated Lee Services Total accounts receivable $ 0 COLO COMPANY Schedule of Accounts Payable May 31 Peyton Products Gear Supply Company Fink Corporation Garcia, Incorporated Total accounts payable $ $ 0 Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company's accounting work is completed through the end of April, and its ledgers show April 30 balances. During your first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 2/10, n/30 unless stated differently): May 1 Issued Check Number 3410 to S&P Management Company in payment of the May rent for $3,900. Charge $3,006 to Rent Expense-Selling Space, and charge $894 to Rent Expense-Office Space. (Use two lines to record the transaction. ) May 2 (a) Sold merchandise on credit to Hensel Company, Invoice Number 8785, for $8,000 (cost is $6,000). May 2 (b) Issued an allowance (price reduction) of $270 to Knox Company for merchandise sold on April 28. The total selling price (gross) was $4,820. May 3 Issued a refund of $636 to Peyton Products for the return of merchandise purchased on April 29. Colo's accounts payable was reduced by that amount. May 4 Purchased the following on credit from Gear Supply Company: merchandise, $37,110; store supplies, $612; and office supplies, $102. Invoice dated May 4, terms n/30. May 5 Received payment from Knox Company for the balance from the April 28 ($4,550) sale less the May 2 return and the $91 discount. May & Issued Check Number 3411 to Peyton Products to pay for the $7,193 of merchandise purchased on April 29 less the May 3 return and the $164 discount. May 9 Sold store supplies (noninventory) to the business next door at their cost of $407 cash. Hint: Enter "Store Supplies" only in the Account credited column. May 10 Purchased $4,188 of office equipment on credit from Gear Supply Company, terms n/30. May 11 (a) Received payment from Hensel Company for the May 2 sale less the discount of $160. May 11 ibi Purchased $10,700 of merchandise from Garcia, Incorporated, terms 2/10, n/30. May 12 Received a(n) $968 price reduction from Gear Supply Company for the return of office equipment received on May 10. Colo debited accounts payable by that amount. May 15 (a) Issued Check Number 3412, payable to Payroll, in payment of sales salaries, $5,510, and office salaries, $3,340. May 15 (b) Cash sales for the first half of the month are $59,600 (cost is $38,580). These cash sales are recorded in the cash receipts journal on May 15. May 15 (c) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. May 16 Sold merchandise on credit to Hensel Company, Invoice Number 8786, for $4,180 (cost is $2,080). May 17 Purchased $13,840 of merchandise from Fink Corporation, terms 2/10, n/60. May 19 Check Number 34 arcia, Incorporated, in payment of its May 11 purchase les the discou of $271. May 22 Sold merchandise to Lee Services, Invoice Number 8787, for $7,040 (cost is $5,180), terms 2/10, n/60. May 23 Issued Check Number 3414 to Fink Corporation in payment of its May 17 purchase less the discount of $311. May 24 Purchased the following on credit from Gear Supply Company: merchandise, $8,500; store supplies, $820; and office supplies, $660. Terms n/30. May 25 Purchased $3,460 of merchandise from Peyton Products, terms 2/10, n/30. May 26 (a) Sold merchandise on credit to Crane Corporation, Invoice Number 8788, for $14,400 (cost is $8,610). May 26 (b) Issued Check Number 3415 to Perennial Power in payment of the May electric bill, $1,321. May 29 The owner of Colo Company, Jenny Colo, used Check Number 3416 to withdraw $7,000 cash from the business for personal use. May 30 (a) Received payment from Lee Services for the May 22 sale less the discount of $156. May 30 (b) Issued Check Number 3417, payable to Payroll, in payment of sales salaries, $5,510, and office salaries, $3,340. May 31 (a) Cash sales for the last half of the month are $66,204 (cost is $42,595). These cash sales are recorded in the cash receipts journal on May 31. May 31 (b) Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month- end postings. to 2-a. Complete the work sheet using the following information for accounting adjustments. Prepare and post adjusting and closing entries. a. Expired insurance, $572. b. Ending store supplies inventory, $2,651. c. Ending office supplies inventory, $523. d. Depreciation of store equipment, $586. e. Depreciation of office equipment, $348. 2-b. Prepare all necessary ledgers for accounting adjustments. 2-c. Prepare a work sheet for the month ended May 31. 3-a. Prepare a May multiple-step income statement. 3-b. Prepare a May statement of owner's equity. 3-c. Prepare a May 31 classified balance sheet. 4-a. Prepare a post-closing trial balance. 4-b1. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts receivable. 4-62. Prove the accuracy of subsidiary ledgers by preparing schedules of accounts payable. SALES JOURNAL Date Account Debited Invoice Number 8785 May 02 May 16 May 22 May 26 8786 Accounts Cost of Goods Receivable Sold Debit Debit Sales Inventory Credit Credit $ 8,000 $ 6,000 4,180 2,080 7,040 5,180 14,400 8,610 Hensel Company Hensel Company Lee services Crane Corporation 8787 8788 May 31 Totals $ 33,620 $ 21,870 PURCHASES JOURNAL Date Account Date of Invoice Terms Office Supplies Debit $ 102 Other Accounts Debit Accounts Inventory Payable Debit Credit $ 37,824 $ 37,110 4,188 5/4 n/30 $ 612 Store supplies/Gear Supply Office equipment/ Gear Supply 5/10 n/30 4,188 5/11 2/10, n/30 10,700 10,700 May 04 May 10 May 11 May 17 May 24 May 25 5/17 13,840 13,840 Garcia, Incorporated Fink Corporation Store supplies/Gear Supply Peyton products 2/10, n/60 n/30 2/10, n/30 9,980 660 5/24 5/25 820 8,500 3,460 3,460 May 31 Totals $ 79,992 $ 73,610 $ 762 $ 5,620 CASH RECEIPTS JOURNAL Date Account Credited Cash Debit Sales Discount Debit Accounts Other Receivable Sales Credit Accounts Credit Credit Cost of Goods Sold Debit Inventory Credit $ 4,459 $ 91 $ 4,550 407 407 Knox, Incorporated Store supplies/Gear Supply Hensel Company Sales 7,840 160 May 05 May 09 May 11 May 15 May 30 May 31 8,000 59,600 59,600 38,580 Lee services 6,884 156 7,040 Sales 66,204 66,204 42,595 May 31 Totals $ 145,394 $ 407 $ 19,590 $ 125,804 $ 407 $ 81,175 CASH PAYMENTS JOURNAL Date Check Number Payee Account Debited Cash Credit Inventory Credit Other Accounts Debit Accounts Payable Debit $ 3,006 May 01 3410 S and P Management Company Rent expense - Selling space Rent expense - Office space Peyton products 894 3,900 7,029 May 08 3411 Peyton products 164 7,193 5,510 May 15 3412 Payroll Sales salaries expense Office salaries expense 8,850 3,340 3413 3,917 271 Garcia, Incorporated Fink Corporation 4,188 13,840 3414 13,529 311 May 19 May 23 May 26 May 29 3415 Perennial power Garcia, Incorporated Fink Corporation Utilities expense Jenny Colo Sales salaries expense Office salaries expense 1,321 7,000 1,321 7,000 3416 Jenny Colo 5,510 May 30 3417 Payroll 2,170 $ 47,716 3,340 $ 29,921 May 31 Totals $ 746 $ 25,221 No Date General Journal Debit Credit 1 May 02 270 Sales returns and allowance Accounts receivableKnox, Incorporated 270 2 May 03 836 Accounts payable-Peyton products Inventory 836 3 May 12 968 Accounts payableGear Supply Company Office equipment 968 No Date General Journal Debit Credit 1 May 31 572 572 Insurance expense Prepaid insurance Income summary Insurance expense 572 572 N May 31 2,651 N 2,651 Store supplies expense Store supplies Income summary Store supplies expense 2,651 2,651 3 May 31 523 523 Office supplies expense Office supplies Income summary Office supplies expense 523 523 4 May 31 586 586 Depreciation expenseStore equipment Accumulated depreciationStore equipment Income summary Depreciation expenseStore equipment 586 586 5 May 31 348 348 Depreciation expense-Office equipment Accumulated depreciation-Office equipment Income summary Depreciation expense-Office equipment 348 348 6 May 31 4,680 Income summary Office supplies expense Store supplies expense Depreciation expense-Office equipment Depreciation expense-Store equipment Insurance expense 523 2,651 348 586 572 GENERAL LEDGER Cash Debit Accounts Receivable Debit Date Credit Date Credit Balance 50,665 Balance 4,820 April 30 April 30 Merchandise Inventory Debit Office Supplies Debit Date Credit Balance Date Credit Balance April 30 220,270 April 30 525 Store Supplies Debit Prepaid Insurance Debit Date Credit Balance Date Credit Balance 3,546 April 30 2,504 April 30 Office Equipment Debit Accumulated Depreciation Office Equipment Date Debit Credit Date Credit Balance 22,660 Balance 9,955 April 30 April 30 Store Equipment Debit Accumulated Depreciation-Store Equipment Date Debit Credit Date Credit Balance 39,300 Balance 17,784 April 30 April 30 Accounts Payable Debit Jenny Colo, Capital Debit Date Credit Balance Date Credit Balance April 30 7,193 April 30 309,358 Sales Jenny Colo, Withdrawals Debit Date Credit Balance Date Debit Credit Balance Sales Returns and Allowances Debit Sales Discounts Debit Date Credit Balance Date Credit Balance Cost of Goods Sold Debit Depreciation Expense-Office Equipment Debit Credit Date Credit Balance Date Balance Depreciation Expense-Store Equipment Debit Credit Office Salaries Expense Debit Date Balance Date Credit Balance Sales Salaries Expense Debit Insurance Expense Debit Date Credit Balance Date Credit Balance Rent Expense, Office Space Debit Rent Expense, Selling Space Debit Date Credit Balance Date Credit Balance Office Supplies Expense Store Supplies Expense Debit Date Debit Credit Balance Date Credit Balance Utilities Expense Debit Income Summary Debit Date Credit Balance Date Credit Balance ACCOUNTS RECEIVABLE LEDGER Crane Corporation Debit Hensel Company Debit Date Credit Balance Date Credit Balance May 26 Knox, Incorporated Debit Lee Services Debit Date Credit Date Credit Balance Balance 4,820 April 28 ACCOUNTS PAYABLE LEDGER Fink Corporation Debit Garcia, Incorporated Debit Date Credit Balance Date Credit Balance ACCOUNTS PAYABLE LEDGER Fink Corporation Debit Garcia, Incorporated Debit Date Credit Balance Date Credit Balance Peyton Products Gear Supply Company Debit Date Credit Balance Date Debit Credit Balance April 29 7,193 COLO COMPANY Work Sheet for Month Ended May 31 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet & Statement of Equity Account Title Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash Accounts receivable Merchandise inventory Office supplies Store supplies Prepaid insurance Office equipment Accumulated depreciation - Office equipment Store equipment Accumulated depreciation - Store equipment Accounts payable Jenny Colo, Capital Jenny Colo, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation Expense-Office equipment Depreciation Expense-Store equipment Office salaries expense Sales salaries expense Insurance expense Rent expense, office space Rent expense, selling space Office supplies expense Store supplies expense Utilities expense Totals $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Net income Totals $ 0 $ 0 $ 0 $ 0 COLO COMPANY Income Statement For Month Ended May 31 Revenues Net sales Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses COLO COMPANY Statement of Owner's Equity For Month Ended May 31 0 $ 0 COLO COMPANY Balance Sheet May 31 Assets Current assets: Total current assets 0 Plant assets 0 0 Total plant assets 0 Total assets $ 0 Liabilities Current liabilities: Total liabilities 0 Equity Total liabilities and equity $ 0 COLO COMPANY Post-Closing Trial Balance May 31 Debit Credit Totals $ 0 $ COLO COMPANY Schedule of Accounts Receivable May 31 Crane Corporation Hensel Company Knox, Incorporated Lee Services Total accounts receivable $ 0 COLO COMPANY Schedule of Accounts Payable May 31 Peyton Products Gear Supply Company Fink Corporation Garcia, Incorporated Total accounts payable $ $ 0