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4. Use the following information and the forms supplied at the end of this review sheet. (a) Prepare three adjusting entries for the month of May for Maritime Enterprises Ltd. (b) Illustrate which accounts and amounts appear on the income statement and on the balance sheet. Supplies $1200; balance of Supplies on May 31, $300. On May 1, $8000 was paid for rent for the period of May 1 to August 31. Balance in the Automobile account S36 000; Accumulated Depreciation account May 1, $12 000. Depreciation rate is 30 percent per year. GENERAL JOURNAL PAGE DATE PARTICULARS P.R. DEBIT CREDIT Waamuun alun - VVV, Awie Depreciation account May 1, S12 000. Depreciation rate is 30 percent per year. GENERAL JOURNAL PAGE DATE PARTICULARS P.R. DEBIT CREDIT