Practice Question 2 On 1 May 2016, ToFuture Education Ltd have the following account balances CR DR 8,000 6,000 3,000 12,000 20,000 Cash at Bank Accounts Receivable Office Supplies Prepaid Rent Furniture& Fittings Accumulated Depreciation-Furniture &Fittings Accounts Payable Service Revenue Received in Advance Wages Payable Share Capital Retained Earnings 2,000 6,000 10,000 1,000 25,000 5,000 Transactions occurred in May May Issued additional share and received cash $100,000 Paid $6,000 wages Received $4,000 cash from customers on account 5 10 Purchased office supplies on account $1,000 13 14 15 Received $45,000 for services rendered in May Paid outstanding creditors 5,000 Paid rent for period 15May to 14June $12,000 16 Invoiced customers for services provided $3,000 19 Paid Wages $6,000 20 Received customers deposits $2,000 for services to be provided in June Additional information Wages owing at the end of May are $5,000 Total deposits received for services to be provided in June are $5,000 Office Supplies on hand are valued at $2,000 Depreciation for Furniture & Fittings for May is $3,000 . Required: General Journals for May transactions Unadjusted Trail Balance as at 31 May 2016 Journalise adjusting entries for May month end General Ledger for Cash at Bank, Revenue Received in Advance and Prepaid Rent Trail Balance as at 31 May 2016