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May 1 Emily moved $ 6 , 4 0 0 from her personal bank account to a business bank account at TD Bank. She also
May Emily moved $ from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $ into the business.
May Purchased a oneyear insurance policy for $ cash.
May Purchased supplies, including a microphone, and brochures for $cash.
May Purchased a printer for $ on account.
May Emily withdrew $ for a Mother's Day gift.
May Interviewed and hired one employee to assist with leading tours.
May Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she ived $ of cash for future tour bookings.
May Led three tours of Stanley Park and received $ cash.
May Led four tours of Granville Island, for $ The customers on this tour had prepaid on May
The following information is known at May
The laptop has an estimated life of three years.
The printer has an estimated life of three years.
There are $ of supplies that are not used.
A portion of the insurance policy has expired.
Wages of $ were unpaid and unrecorded.
Required
a Prepare journal entries for the May transactions. If no entry is required for a transactionevent select No journal entry required" in the first account field.
b Prepare the adjusting entries
c Prepare the closing entries
Post the above journal to entries Taccounts
prepare a post closing trial balance
Prepare an income statement and statement of changes in equity for the month ended May
Prepare a classified balance sheet at May
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