prepare a trail balance on May 31, 2019

INSTRUCTION WORKSHEET Date 5/1/2019 Description Sam started a business named Sam Superior Painting Inc, by investing S10,000 cash and Equipment valued at $8,000. 5/2/2019 Sam hired an office assistant and another painter to fill two vacancies in the office. They will each be paid $1,500 bi-weekly 5/3/19 Purchased supplies valued at $24,000. paying $4,000 cash and the remainder on account 5/6/2019 Paid for a 1-year insurance for the office which will expire in April 2020. The insurance is for $1,200 5/7/2019 Signed a contract with the local governmental agency to provide painting services for the bridges and tunnels in the city. The governmental agency paid 1-year advance services totaling $35,000 5/14/2019 Provided painting services valued at $25,000 to a client. The client paid $15,000 cash and the balance on account. 5/16/2019 Paid S15,000 cash to the vendor towards the supplies purchased on account on 05/03/2019. 5/17/2019 Paid salary for $3.000 by cash. 5/22/2019 Received $8,000 of the amount due from the 05/14/2019 services rendered on account. 5/28/2019 Pay, by cash, the following expenses: Rent $1,000. Utilities $360, and advertising 5400 5/31/2019 Paid salary for $3,000 by cash. 5/31/2019 Sam withdrew $10,000 from the business for personal reasons. Chart of Account 101-Cash 102-Accounts Receivable 113-Prepaid Insurance 114-Supplies 150-Equipment 200-Accounts Payable 201-Uneamed Revenue 300-Owner's Capital 302-Owner's Drawings 400-Revenue 701-Rent Expense 725-Salaries & Wages Expense 735-Advertisement Expense 751-Utilities Expense