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IP 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) lllustrate which accounts and amounts appear on the income statement and on the balance sheet! Supplies S1200, balance of Supplies on May 31, $300 On May 1, $8000 was paid for rett for the period of May 1 to August 31. Balance in the Automobile account S36 000; Accumulated Depreciation account May 1, 512 000. Depreciation rate is 30 percent per year. GENERAL JOURNAL PAGE DATE PARTICULARS P.R DEBIT CREDIT Review Sheet 11 Chapter 6/Unit 11 Adjusting the Books (cont.)