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May Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for

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May Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for university, she opened a walking tour company, Very Vancouver. The following are transactions for the month of May 2020, the first month of operations. May 2 Emily moved $7,550 from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $1,224 into the business. May 3 Purchased supplies, including a microphone, and brochures for $810 cash. 4 Purchased a printer for $216 on account. May 5 Purchased a one-year Insurance policy for $1,980 cash. May 6 Emily withdrew $337 for a Mother's Day gift. May 8 Interviewed and hired one employee to assist with leading tours. May 18 Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $2,220 of cash for future tour bookings. May 15 Led three tours of Stanley Park and received $855 cash May 25 Led four tours of Granville Island, for $1,210. The customers on this tour had prepaid on May 10. The following information is known at May 31, 2020. The laptop has an estimated life of three years. The printer has an estimated life of three years There are $270 of supplies that are not used, A portion of the insurance policy has expired. Wages of $935 were unpaid and unrecorded Required 1-o. Prepare journal entries for the May transactions. (if no entry is required for a transaction event, select "No Journal entry required in the first account field.) View transaction list Journal entry worksheet Record depreciation on Laptop. Note: Enter debits before credits. General Journal Debit Credit Date May 31, 2020 1-c. Prepare the closing entries. View transaction list Journal entry worksheet

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