Need Help with everything but specifically adjusting entries. Please do all you can . I need the Trial balance sheet done with the adjusted entries, income statement, balance sheet and closing adjustments. If its too much can you at least help with the adjusted entries. Please

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1. The business began on June 1, 2018. 2. The period under consideration is the year of June 1, 2018 - May 31, 2019. 3. For the purposes of this assignment, ignore the effects of income tax, property tax, sales tax, and payroll tax. 4. Straight-line depreciation method is used. 5. The supplies on hand May 31, 2019 were $325. 6. The telephone bill for May 2019 for $305 was receive June 2019. 7. The utility bill for May 2019 for $210 was received June 2019. 8. For the purposes of this assignment, consider the note payable to be a current liability. 9. The following transactions occurred in the first month of operations and are reflected in the general ledger account balances: June 1, 2018 Jon Edwards and Dan Fogle each invested $20,000 in a corporation to run Preston Hill Bed & Breakfast. Each were issued 2,000 shares of $10 par value common stock. June 1, 2018 The partners leased a fully furnished, established, five-bedroom room Bed & Breakfast for 3 years at $3,000 per month. The landlord required a payment of $12,000 for 4 months of rent plus a $3,000 security deposit June 1, 2018 Purchased a minivan valued at $35,000 with a $10,000 down payment and a 3-year $25,000 note payable with an annual interest rate of 5%. The minivan has a 5-year useful life and no salvage value. The monthly payment including principal and interest is $749.27 June 1, 2018 Neither partner can cook but arranged with the restaurant next door (Grace's Diner) to provide breakfast for the guests at $10 per person per day. Grace's Diner will bill the B & B at the end of each month for the meals provided. They must pay Grace's Diner before the 10th of the next month. June 1, 2018 Purchased used deck furniture for $3,000 cash. The furniture has a 6-year useful life and no salvage value. June 3, 2018 Ace Computers, a local company, arranged with the B & B to provide rooms for their out of town weekday visitors at a rate of $100 per night. The B & B will bill Ace at the end of the month for rooms used. March 8, 2019 Paid invoice from Insurance company for 4 months of coverage beginning April 1, 2019 for a total of $1,200. April 15, 2019 Purchased suppplies on account from Restaurant Depot in the amount of $875. April 24, 2019 Received reservation deposits as follows: Smith Family - $250 for May 25 - 26, 2019 Harris Family - $500 for May 29 - 30, 2019 Mester Family - $375 for June 3-5, 2019 April 28, 2019 Sent invoice to Ace Computers for the month of April in the amount of $975. Accounting Transactions for the Month of May 2019 Date Description May 1, 2019 Paid May rent in the amount of $3,000. May 2, 2019 Paid $750 for six-months auto insurance policy beginning May 1. May 8, 2019 Received $2,500 in cash and credit card receipts for room rentals for May 1 - 8, 2019. May 9, 2019 Purchased $540 for supplies on account from Jones Supplies Co. May 10, 2019 Paid amount due to Restaurant Depot for supplies purchased April 15, 2019 May 10, 2019 Received payment from Ace Computers for April 2019 billing. May 15, 2019 Paid $900 in wage expense for the period May 1.- May 15, 2019. May 15, 2019 Received $2,200 in cash and credit card receipts for room rentals for May 9 - 15, 2019. May 18, 2019 Paid for cleaning and maintenance in the amount of $425. May 20, 2019 Received reservation deposits as follows: Plourde Family - $250 for May 25-26, 2019 Friedman Family - $200 for May 29-30, 2019 Brooks Family - $255 for July 3-5, 2019 May 21, 2019 Received $2,050 in cash and credit card receipts for room rentals for May 16 - 21, 2019. May 24, 2019 Paid utilities bill in the amount of $277. May 24, 2019 Paid telephone bill in the amount of $158. May 27, 2019 Refunded Harris Family deposit paid on May 8, 2019 less $50 Administrative Fee. May 30, 2019 Van Payment # 12 - Total $749.27 (Principal = $676.29, Interest = $72.98) May 30, 2019 Paid $1,100 in wage expense for the period May 16 - May 30, 2019 May 30, 2019 Paid credit card in full with the following charges incurred in May 2019: Licenses and Fees - $100; Printing - $275, Dues - $100; Linens and Uniforms - $325, Advertising $560; Postage $125 May 30, 2019 Sent $735 invoice to Ace Computers for rooms rented May 1, 2019 - May 30, 2019 May 30, 2019 May 30, 2019 May 31, 2019 Received invoice from Grace's Diner for $380. Paid dividends to shareholders in the amount of $800. Received S1,850 in cash and credit card receipts for room rentals for May 22 - 31, 2019. Prepaid Insurance Cash Deferred Room Rental Revenue Explanation PR Debit Date May Account No. 125 Debit Credit Balance 1,200.00 1,950.00 Account No. 208 Credit Credit Balance PR Debit 1 Date May Prepaid Insurance for 6 Months 750.00 Explanat PR Debit 1 20 Deposits For reservation 27 Harris refund 500.00 705.00 1,125.00 1,830.00 1,330.00 J1 J1 J1 J1 J1 2,500.00 975.00 Van J1 2,200.00 Account No. 101 Debit Credit Balance 8,150.00 3,000.00 5,150.00 750.00 4,400.00 6,900.00 875.00 6,025.00 7,000.00 900.00 6,100.00 8,300.00 425.00 7,875.00 8,580.00 10,630.00 277.00 10,353.00 158.00 10,195.00 450.00 9,745.00 749.27 8,995.73 1,100.00 7,895.73 1,485.00 6,410.73 800.00 5,610.73 7,460.73 Account No. 140 Debit Credit Balance 35,000.00 Explanation Date Explanation May 1 1 Paid May rent 2 Paid Auto Insurance 8 Room Rentals May 1-8 10 Paid Restaurant Depot 10 Received Payment From ACE 15 Paid Wages May 1-15 15 Room Rentals May 9-15 18 Paid Cleaning and Maintenance 20 Received Reservation Deposits 21 Room Rentals May 16-21 24 Paid Utilities 24 Paid Telephone 27 Refund Cash 30 Van Payment 30 Paid Wages May 16-30 30 Paid Credit Card 30 Paid Dividends 31 Room Rental May 22-31 PR Debit J1 J1 J1 Date May Notes Payable 705.00 2,050.00 Account No. 210 Credit Credit Balance Explanat PR Debit Date May 17,754.16 17,077.87 30 Van Payment 676.29 5555 Furniture J1 Account No. 150 Debit Credit Balance 3,000.00 Explanation PR Debit Date May J1 1,850.00 Common Stock Account No. 310 Credit Credit Balance Explanat PR Debit Date May 40,000.00 Accounts Receivable Accumulated Depreciation Account No. 155 Credit Credit Balance PR Debit Date Explanation PR Debit Date May Account No. 105 Debit Credit Balance 975.00 975.00 735.00 Explanation 1 10 Received Payment From ACE 30 Sent Invoice to ACE for May Retained Earnings J1 J1 Account No. 390 Credit Credit Balance 735.00 Date Explanat PR Debit Security Deposit Supplies Account No. 165 Debit Credit Balance 3,000.00 Explanation PR Debit Room Rental Revenue Date May PR Debit Account No. 115 Debit Credit Balance 325.00 865.00 Date May Explanation 1 9 Purchased Supplies Account No. 501 Credit Credit Balance Explanat PR Debit Date May J1 540.00 8 Room Rentals May 1-8 15 Room Rentals May 9-15 21 Room Rentals May 16-21 30 Invoice To ACE 31 Room Rental May 22-31 2,500.00 2,200.00 2,050.00 735.00 1,850.00 71,766.97 74,266.97 76,466.97 78,516.97 79,251.97 81,101.97 Accounts Payable Prepaid Rent Explanation PR Debit Date May Account No. 203 Credit Credit Balance 875.00 540.00 1,415.00 540.00 380.00 920.00 Account No. 120 Debit Credit Balance 12,000.00 PR Date May Debit Explanation 1 9 Supplies 10 Rest. Depot 30 Graces Diner 875.00 Utilities Account No. 685 Debit Credit Balance Explanat PR Debit Date May 2,310.00 2,587.00 24 Utilities 277.00 - Administrative Fee Revenue Insurance expense Account No. 505 Credit Credit Balance 50.00 50.00 PR Debit Date Explanation May 27 Harris Fee Account No. 645 Debit Credit Balance Date Explanation PR Debit Wage Expense Account No. 690 Debit Credit Balance Explanat PR Debit Date May 15 Paid Wages May 1 900.00 30 Paid Wages May 11 #### 28,000.00 28,900.00 30,000.00 - Advertising Supplies expense Account No. 650 Debit Credit Balance PR Debit Account No. 605 Debit Credit Balance 1,560.00 2,120.00 Date Explanation PR Date May Debit Explanation 1 30 Advertising Credit card 560.00 Linens and Uniforms Account No. 695 Debit Credit Balance Explanat PR Debit Date May 325.00 650.00 Linens and Uniforr 325.00 - Depreciation Expense Printing Expense Account No. 610 Debit Credit Balance - Date Explanation PR Debit Explanation PR Debit Date May Account No. 655 Debit Credit Balance 1,275.00 1,550.00 30 Printing Credit Card 275.00 Dividends Account No. 700 Debit Credit Balance Dues Date May Explanat PR 30 Dividends Paid Debit 800.00 Postage expense 800.00 PR Debit - Date - May Explanation 1 30 Dues Credit Card Account No. 615 Debit Credit Balance 1,000.00 1,100.00 Explanation PR Debit Date May Account No. 660 Debit Credit Balance 225.00 350.00 100.00 30 Postage Credit Card 125.00 Income Summary Account No. 750 Food Expense Date Explanat PR Debit Credit Balance Licenses and fees PR Debit 2 Date 3 May Explanation 1 Graces Diner Account No. 620 Debit Credit Balance 4,180.00 4,560.00 Explanation PR Debit Date May Account No. 665 Debit Credit Balance 1,000.00 1,100.00 380.00 30 Licenses and Fees Credit Card 100.00 9 Cleaning and Maintenance Expense Telephone Debit 11 Date 12 May Explanation PR 1 18 Cleaning and Maintence Expense Account No. 625 Debit Credit Balance 2,650.00 3,075.00 PR Debit Date May Account No. 670 Debit Credit Balance 3,350.00 3,508.00 Explanation 1 24 Phone 425.00 158.00 18 Interest expense Rent PR Debit 20 Date 21 May Explanation 1 30 Van Interest Account No. 640 Debit Credit Balance 996.13 1,069.11 Explanation PR Debit Date May Account No. 675 Debit Credit Balance 21,000.00 24,000.00 72.98 1 Paid Rent J1 Trial Balance For the Year Ended May 31, 2019 Account Numbe Account Unadjusted Trial Balance Debit Credit Adjusting Entries Debit Credit Adjusted Trial Balance Income Statement Debit Credit Debit Credit Balance Sheet Debit Credit Closing Adjustment Post-Closing Trial Balance Debit Credit Debit Credit 7,460.73 735.00 865.00 12,000.00 1,950.00 35,000.00 3,000.00 3,000.00 920.00 1,330.00 17,077.87 40,000.00 101 105 115 120 125 140 150 155 165 203 208 210 310 390 501 505 605 610 615 620 625 640 645 655 650 660 665 81,101.97 50.00 2,120.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Van Furniture Accumulated Depreciation Security Deposits Accounts Payable Deferred Room Rental Revenue Notes Payable Common Stock Retained Earnings Room Rental Revenue Administrative Fee Revenue Advertising Depreciation Expense Dues Expense Food Expense Cleaning and Maintenance Exper Interest Expense Insurance Expense Printing Expense Supplies Postage Licenses and fees Telephone Rent Expense Utilities Wage Expense Linens and Uniforms Dividends Income Summary 1,100.00 4,560.00 3,075.00 1,069.11 1,550.00 670 675 350.00 1,100.00 3,508.00 24,000.00 2,587.00 30,000.00 650.00 800.00 685 690 695 700 750 Net Income (Loss) Totals 140,479.84 140,479.84 Credit Date May 1, 2019 Description Rent Expense Cash PR 675 101 Debit 3,000.00 3,000.00 May 2, 2019 125 750.00 Pre-Paid auto insurance Cash 101 750.00 May 8, 2019 2,500.00 Cash Room Rental Revenue 2,500.00 May 9, 2019 115 540.00 Supplies Accounts Payable 203 540.00 May 10, 2019 Accounts Payable--Res. Depot Cash 203 101 875.00 875.00 May 10, 2019 975.00 Cash Accounts Receivable 101 105 975.00 May 15, 2019 900.00 Wages Expense Cash 690 101 900.00 May 15, 2019 Cash Room Rental Revenue 101 501 2,200.00 2,200.00 May 18, 2019 625 425.00 Cleaning and Maintence Expense Cash 101 425.00 May 20, 2019 101 705.00 Cash Deferred Room Rental Revenue 208 705.00 May 21, 2019 Cash Room Rental Revenue 101 501 2,050.00 2,050.00 May 24, 2019 Utilites Expense Cash 685 101 277.00 277.00 May 24, 2019 Telephone Expense Cash 670 101 158.00 158.00 May 27, 2019 208 500.00 Deferred Room Rental Revenue Cash Refund Administrative Fees 101 505 450.00 50.00 May 30, 2019 640 Interest Expense Note Payable Cash 210 72.98 676 29 749.27 May 30, 2019 Interest Expense Note Payable Cash 640 210 101 72.98 676.29 749.27 May 30, 2019 Wages Expense Cash 690 101 1,100.00 1,100.00 May 30, 2019 Licenses and Fees Printing Dues Linens and Uniforms Advertising Postage Cash 665 655 615 695 605 660 101 100.00 275.00 100.00 325.00 560.00 125.00 1,485.00 May 30, 2019 Accounts Receivable -ACE Room Rental Revenue 105 501 735.00 735.00 May 30, 2019 380.00 Food Expense-Graces Diner Accounts Payable 620 203 380.00 May 30, 2019 800.00 Dividends Cash 700 101 800.00 May 31, 2019 101 1,850.00 Cash Room Rental Revenue 501 1,850.00 1. The business began on June 1, 2018. 2. The period under consideration is the year of June 1, 2018 - May 31, 2019. 3. For the purposes of this assignment, ignore the effects of income tax, property tax, sales tax, and payroll tax. 4. Straight-line depreciation method is used. 5. The supplies on hand May 31, 2019 were $325. 6. The telephone bill for May 2019 for $305 was receive June 2019. 7. The utility bill for May 2019 for $210 was received June 2019. 8. For the purposes of this assignment, consider the note payable to be a current liability. 9. The following transactions occurred in the first month of operations and are reflected in the general ledger account balances: June 1, 2018 Jon Edwards and Dan Fogle each invested $20,000 in a corporation to run Preston Hill Bed & Breakfast. Each were issued 2,000 shares of $10 par value common stock. June 1, 2018 The partners leased a fully furnished, established, five-bedroom room Bed & Breakfast for 3 years at $3,000 per month. The landlord required a payment of $12,000 for 4 months of rent plus a $3,000 security deposit June 1, 2018 Purchased a minivan valued at $35,000 with a $10,000 down payment and a 3-year $25,000 note payable with an annual interest rate of 5%. The minivan has a 5-year useful life and no salvage value. The monthly payment including principal and interest is $749.27 June 1, 2018 Neither partner can cook but arranged with the restaurant next door (Grace's Diner) to provide breakfast for the guests at $10 per person per day. Grace's Diner will bill the B & B at the end of each month for the meals provided. They must pay Grace's Diner before the 10th of the next month. June 1, 2018 Purchased used deck furniture for $3,000 cash. The furniture has a 6-year useful life and no salvage value. June 3, 2018 Ace Computers, a local company, arranged with the B & B to provide rooms for their out of town weekday visitors at a rate of $100 per night. The B & B will bill Ace at the end of the month for rooms used. March 8, 2019 Paid invoice from Insurance company for 4 months of coverage beginning April 1, 2019 for a total of $1,200. April 15, 2019 Purchased suppplies on account from Restaurant Depot in the amount of $875. April 24, 2019 Received reservation deposits as follows: Smith Family - $250 for May 25 - 26, 2019 Harris Family - $500 for May 29 - 30, 2019 Mester Family - $375 for June 3-5, 2019 April 28, 2019 Sent invoice to Ace Computers for the month of April in the amount of $975. Accounting Transactions for the Month of May 2019 Date Description May 1, 2019 Paid May rent in the amount of $3,000. May 2, 2019 Paid $750 for six-months auto insurance policy beginning May 1. May 8, 2019 Received $2,500 in cash and credit card receipts for room rentals for May 1 - 8, 2019. May 9, 2019 Purchased $540 for supplies on account from Jones Supplies Co. May 10, 2019 Paid amount due to Restaurant Depot for supplies purchased April 15, 2019 May 10, 2019 Received payment from Ace Computers for April 2019 billing. May 15, 2019 Paid $900 in wage expense for the period May 1.- May 15, 2019. May 15, 2019 Received $2,200 in cash and credit card receipts for room rentals for May 9 - 15, 2019. May 18, 2019 Paid for cleaning and maintenance in the amount of $425. May 20, 2019 Received reservation deposits as follows: Plourde Family - $250 for May 25-26, 2019 Friedman Family - $200 for May 29-30, 2019 Brooks Family - $255 for July 3-5, 2019 May 21, 2019 Received $2,050 in cash and credit card receipts for room rentals for May 16 - 21, 2019. May 24, 2019 Paid utilities bill in the amount of $277. May 24, 2019 Paid telephone bill in the amount of $158. May 27, 2019 Refunded Harris Family deposit paid on May 8, 2019 less $50 Administrative Fee. May 30, 2019 Van Payment # 12 - Total $749.27 (Principal = $676.29, Interest = $72.98) May 30, 2019 Paid $1,100 in wage expense for the period May 16 - May 30, 2019 May 30, 2019 Paid credit card in full with the following charges incurred in May 2019: Licenses and Fees - $100; Printing - $275, Dues - $100; Linens and Uniforms - $325, Advertising $560; Postage $125 May 30, 2019 Sent $735 invoice to Ace Computers for rooms rented May 1, 2019 - May 30, 2019 May 30, 2019 May 30, 2019 May 31, 2019 Received invoice from Grace's Diner for $380. Paid dividends to shareholders in the amount of $800. Received S1,850 in cash and credit card receipts for room rentals for May 22 - 31, 2019. Prepaid Insurance Cash Deferred Room Rental Revenue Explanation PR Debit Date May Account No. 125 Debit Credit Balance 1,200.00 1,950.00 Account No. 208 Credit Credit Balance PR Debit 1 Date May Prepaid Insurance for 6 Months 750.00 Explanat PR Debit 1 20 Deposits For reservation 27 Harris refund 500.00 705.00 1,125.00 1,830.00 1,330.00 J1 J1 J1 J1 J1 2,500.00 975.00 Van J1 2,200.00 Account No. 101 Debit Credit Balance 8,150.00 3,000.00 5,150.00 750.00 4,400.00 6,900.00 875.00 6,025.00 7,000.00 900.00 6,100.00 8,300.00 425.00 7,875.00 8,580.00 10,630.00 277.00 10,353.00 158.00 10,195.00 450.00 9,745.00 749.27 8,995.73 1,100.00 7,895.73 1,485.00 6,410.73 800.00 5,610.73 7,460.73 Account No. 140 Debit Credit Balance 35,000.00 Explanation Date Explanation May 1 1 Paid May rent 2 Paid Auto Insurance 8 Room Rentals May 1-8 10 Paid Restaurant Depot 10 Received Payment From ACE 15 Paid Wages May 1-15 15 Room Rentals May 9-15 18 Paid Cleaning and Maintenance 20 Received Reservation Deposits 21 Room Rentals May 16-21 24 Paid Utilities 24 Paid Telephone 27 Refund Cash 30 Van Payment 30 Paid Wages May 16-30 30 Paid Credit Card 30 Paid Dividends 31 Room Rental May 22-31 PR Debit J1 J1 J1 Date May Notes Payable 705.00 2,050.00 Account No. 210 Credit Credit Balance Explanat PR Debit Date May 17,754.16 17,077.87 30 Van Payment 676.29 5555 Furniture J1 Account No. 150 Debit Credit Balance 3,000.00 Explanation PR Debit Date May J1 1,850.00 Common Stock Account No. 310 Credit Credit Balance Explanat PR Debit Date May 40,000.00 Accounts Receivable Accumulated Depreciation Account No. 155 Credit Credit Balance PR Debit Date Explanation PR Debit Date May Account No. 105 Debit Credit Balance 975.00 975.00 735.00 Explanation 1 10 Received Payment From ACE 30 Sent Invoice to ACE for May Retained Earnings J1 J1 Account No. 390 Credit Credit Balance 735.00 Date Explanat PR Debit Security Deposit Supplies Account No. 165 Debit Credit Balance 3,000.00 Explanation PR Debit Room Rental Revenue Date May PR Debit Account No. 115 Debit Credit Balance 325.00 865.00 Date May Explanation 1 9 Purchased Supplies Account No. 501 Credit Credit Balance Explanat PR Debit Date May J1 540.00 8 Room Rentals May 1-8 15 Room Rentals May 9-15 21 Room Rentals May 16-21 30 Invoice To ACE 31 Room Rental May 22-31 2,500.00 2,200.00 2,050.00 735.00 1,850.00 71,766.97 74,266.97 76,466.97 78,516.97 79,251.97 81,101.97 Accounts Payable Prepaid Rent Explanation PR Debit Date May Account No. 203 Credit Credit Balance 875.00 540.00 1,415.00 540.00 380.00 920.00 Account No. 120 Debit Credit Balance 12,000.00 PR Date May Debit Explanation 1 9 Supplies 10 Rest. Depot 30 Graces Diner 875.00 Utilities Account No. 685 Debit Credit Balance Explanat PR Debit Date May 2,310.00 2,587.00 24 Utilities 277.00 - Administrative Fee Revenue Insurance expense Account No. 505 Credit Credit Balance 50.00 50.00 PR Debit Date Explanation May 27 Harris Fee Account No. 645 Debit Credit Balance Date Explanation PR Debit Wage Expense Account No. 690 Debit Credit Balance Explanat PR Debit Date May 15 Paid Wages May 1 900.00 30 Paid Wages May 11 #### 28,000.00 28,900.00 30,000.00 - Advertising Supplies expense Account No. 650 Debit Credit Balance PR Debit Account No. 605 Debit Credit Balance 1,560.00 2,120.00 Date Explanation PR Date May Debit Explanation 1 30 Advertising Credit card 560.00 Linens and Uniforms Account No. 695 Debit Credit Balance Explanat PR Debit Date May 325.00 650.00 Linens and Uniforr 325.00 - Depreciation Expense Printing Expense Account No. 610 Debit Credit Balance - Date Explanation PR Debit Explanation PR Debit Date May Account No. 655 Debit Credit Balance 1,275.00 1,550.00 30 Printing Credit Card 275.00 Dividends Account No. 700 Debit Credit Balance Dues Date May Explanat PR 30 Dividends Paid Debit 800.00 Postage expense 800.00 PR Debit - Date - May Explanation 1 30 Dues Credit Card Account No. 615 Debit Credit Balance 1,000.00 1,100.00 Explanation PR Debit Date May Account No. 660 Debit Credit Balance 225.00 350.00 100.00 30 Postage Credit Card 125.00 Income Summary Account No. 750 Food Expense Date Explanat PR Debit Credit Balance Licenses and fees PR Debit 2 Date 3 May Explanation 1 Graces Diner Account No. 620 Debit Credit Balance 4,180.00 4,560.00 Explanation PR Debit Date May Account No. 665 Debit Credit Balance 1,000.00 1,100.00 380.00 30 Licenses and Fees Credit Card 100.00 9 Cleaning and Maintenance Expense Telephone Debit 11 Date 12 May Explanation PR 1 18 Cleaning and Maintence Expense Account No. 625 Debit Credit Balance 2,650.00 3,075.00 PR Debit Date May Account No. 670 Debit Credit Balance 3,350.00 3,508.00 Explanation 1 24 Phone 425.00 158.00 18 Interest expense Rent PR Debit 20 Date 21 May Explanation 1 30 Van Interest Account No. 640 Debit Credit Balance 996.13 1,069.11 Explanation PR Debit Date May Account No. 675 Debit Credit Balance 21,000.00 24,000.00 72.98 1 Paid Rent J1 Trial Balance For the Year Ended May 31, 2019 Account Numbe Account Unadjusted Trial Balance Debit Credit Adjusting Entries Debit Credit Adjusted Trial Balance Income Statement Debit Credit Debit Credit Balance Sheet Debit Credit Closing Adjustment Post-Closing Trial Balance Debit Credit Debit Credit 7,460.73 735.00 865.00 12,000.00 1,950.00 35,000.00 3,000.00 3,000.00 920.00 1,330.00 17,077.87 40,000.00 101 105 115 120 125 140 150 155 165 203 208 210 310 390 501 505 605 610 615 620 625 640 645 655 650 660 665 81,101.97 50.00 2,120.00 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Van Furniture Accumulated Depreciation Security Deposits Accounts Payable Deferred Room Rental Revenue Notes Payable Common Stock Retained Earnings Room Rental Revenue Administrative Fee Revenue Advertising Depreciation Expense Dues Expense Food Expense Cleaning and Maintenance Exper Interest Expense Insurance Expense Printing Expense Supplies Postage Licenses and fees Telephone Rent Expense Utilities Wage Expense Linens and Uniforms Dividends Income Summary 1,100.00 4,560.00 3,075.00 1,069.11 1,550.00 670 675 350.00 1,100.00 3,508.00 24,000.00 2,587.00 30,000.00 650.00 800.00 685 690 695 700 750 Net Income (Loss) Totals 140,479.84 140,479.84 Credit Date May 1, 2019 Description Rent Expense Cash PR 675 101 Debit 3,000.00 3,000.00 May 2, 2019 125 750.00 Pre-Paid auto insurance Cash 101 750.00 May 8, 2019 2,500.00 Cash Room Rental Revenue 2,500.00 May 9, 2019 115 540.00 Supplies Accounts Payable 203 540.00 May 10, 2019 Accounts Payable--Res. Depot Cash 203 101 875.00 875.00 May 10, 2019 975.00 Cash Accounts Receivable 101 105 975.00 May 15, 2019 900.00 Wages Expense Cash 690 101 900.00 May 15, 2019 Cash Room Rental Revenue 101 501 2,200.00 2,200.00 May 18, 2019 625 425.00 Cleaning and Maintence Expense Cash 101 425.00 May 20, 2019 101 705.00 Cash Deferred Room Rental Revenue 208 705.00 May 21, 2019 Cash Room Rental Revenue 101 501 2,050.00 2,050.00 May 24, 2019 Utilites Expense Cash 685 101 277.00 277.00 May 24, 2019 Telephone Expense Cash 670 101 158.00 158.00 May 27, 2019 208 500.00 Deferred Room Rental Revenue Cash Refund Administrative Fees 101 505 450.00 50.00 May 30, 2019 640 Interest Expense Note Payable Cash 210 72.98 676 29 749.27 May 30, 2019 Interest Expense Note Payable Cash 640 210 101 72.98 676.29 749.27 May 30, 2019 Wages Expense Cash 690 101 1,100.00 1,100.00 May 30, 2019 Licenses and Fees Printing Dues Linens and Uniforms Advertising Postage Cash 665 655 615 695 605 660 101 100.00 275.00 100.00 325.00 560.00 125.00 1,485.00 May 30, 2019 Accounts Receivable -ACE Room Rental Revenue 105 501 735.00 735.00 May 30, 2019 380.00 Food Expense-Graces Diner Accounts Payable 620 203 380.00 May 30, 2019 800.00 Dividends Cash 700 101 800.00 May 31, 2019 101 1,850.00 Cash Room Rental Revenue 501 1,850.00