Please answer :

(a) Prepare adjusting journal entries for the month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

(b)Set up T accounts, enter any opening balances, and post the adjusting journal entries prepared in the above part. (Post entries in the order of journal entries presented in the previous part.)

(c) Prepare an adjusted trial balance at May 31

(d) Prepare an income statement for the year. (e) Prepare a statement of changes in equity for the year. Note that $3,610 of common shares were issued during the month of May. (f) Prepare a statement of financial position for the year. (List Current Assets in order of liquidity. List Property, plant and equipment in order of land, buildings and furnitur)

The following is the unadjusted trial balance for Rainbow Lodge Ltd. at its year end, May 31, 2018. The company adjusts its accounts monthly. Debit Credit Accounts receivable Supplies Prepaid insurance Land Buildings Accumulated depreciation-building Furniture $7,019 11,400 5,090 4,700 104,060 172,800 $22,500 36,300 18,500 8,720 16,600 114,000 70,000 43,500 Accounts payable Unearned revenue Mortgage payable, due 2021 Common shares Retained earnings Dividends declared Rent revenue Salaries expense Utilites expense Depreciation expense Interest expense Insurance expense Advertising expense Income tax expense 1,930 206,779 95,700 25,280 13,170 8,850 6,580 910 6,810 500,599 $500,599 Additional information: 1. An annual insurance policy was purchased on October 1, 2017, for $11,280 cash. 2. A ount of supplies shows $1,443 of supplies on hand on May 31 3. he building have an estimated useful life of 20 years and straight-line depreciation is applied 4. The fumiture have an estimated useful life of five years and straight-line depreciation is applied. 5. Customers must pay a $100 deposit if they want to book a room in advance during the peak period. An analysis of these bookings indicates that 166 deposits were received and credited to Unearned Revenue. By May 31, 25 of the deposits were earned. 6 on May 25, a local business contracted with Rainbow Lodge to rent one of its housekeeping units for our months, starting June 1, at a rate of $2,733 per month. An advance payment equal to one month's rent was paid on May 25 and credited to Rent Revenue. 7. On May 31, Rainbow Lodge has earned $1,772 of rent revenue from customers who are currently staying at the inn. The customers will pay the amount owing only when they check out in early June. 8. Salaries of $1,693 are unpaid at May 31