My Peace House of Dcor ; GENERAL INSTRUCTIONS FOR MAY 1) Journalize the transactions listed below and on the next page and post to the ledger accounts. Omit explanations Prepare an unadjusted trial balance 2) 3) Journalize the adjusting entries and post to the general ledger. Adjustment data are provided on the next page. 4) 5) 6) Prepare an adjusted trial balance. Prepare a schedule of accounts receivable and a schedule of accounts payable. Prepare an income statement for the five months ended May 31, 20-. If not completing the optional requirements below, use only the year-to-date amount column to complete your statement. Optional: Prepare the statement for both the month of May and the year to date. Balances in the income and expense accounts currently reflect year-to-date activity. Complete the year-to-date income statement first. To calculate May figures, subtract year-to-date figures of April's income statement from May's year-to-date figures. Optional: Include vertical analysis figures in the statement by calculating the percent of each line item to total revenue. Note: If working the set with General Ledger software, the generated statement will automatically include monthly and year-to-date figures and include percentages for vertical analysis. 7 Prepare a retained earnings statement for the three months ended May 31, 20 8) Prepare a balance sheet as of May 31, 20- 9) Complete the analysis test for May on page 69. TRANSACTIONS FOR MAY General Entries Issued Check No. 132 for $21,500 for this month's advertising. May 2 Purchased furniture and fixtures for $16,000, plus sales tax of $1,040, by issuing a 10% short-term note payable due in monthly installments of $2,840.00 principal plus interest for six months. 4 67 2014 Cmgge Learming, All Rights Reserved. May sot be scanned, copied or duplicsted, oe posted to a pablicly accessible website, in wbole oe in part