prepare a ledger using t accounts. enter the trail balance amounts and the post the adjusting entries. prepare an adjusted balance on may 31st. prepare an income statement for the month of may. prepare a retained earning statement for the month of may. prepare a classified balance sheet at may 31. identifty which accounts shiyld be closed on may 31.

The Cullumber Hotel opened for business on May 1. 2025. Here is its trial balance before adjutinent on May 31