PLEASE HELP WITH PART B, C, D, E, F

THANK YOU VERY MUCH!

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 on 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 furniture)

The following is the unadjusted trial balance for Crane Lodge Ltd. at its year end, May 31, 2021. The company adjusts its accounts monthly. Credit Cash Debit $7,019 11,400 5,090 Accounts receivable 4,700 104,060 172,800 $ 22,500 Supplies Prepaid insurance Land Buildings Accumulated depreciation-building Furniture Accumulated depreciation-furniture Accounts payable Deferred revenue Mortgage payable, due 2024 Common shares 36,300 18,500 8,720 17,500 114,000 70.000 43,500 Retained earnings Dividends declared 1,930 205,879 95,700 25,280 13,170 Rent income Salaries expense Utilities expense Depreciation expense Interest expense Insurance expense Advertising expense Income tax expense 8,850 6,580 910 6,810 $500,599 $500,599 Additional information: 1. 2. An annual insurance policy was purchased for the first time on October 1, 2020, for $11,280 cash. A count of supplies shows $1,443 of supplies on hand on May 31. The buildings have an estimated useful life of 20 years and straight-line depreciation is applied. 3. (a) Your answer is correct. Prepare adjusting journal entries for the month. (List all debit entries before credit entries. 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 O for the amounts.) Debit Credit Date Account Titles and Explanation May Insurance Expense 31 940 Prepaid Insurance 940 31 Supplies Expense 3647 Supplies 3647 Salaries Payable 1,693 31 Interest Expense 665 Interest Payable 665 31 Utilities Expense 2,114 Accounts Payable 2,114 31 Income Tax Expense 970 Income Tax Payable 970