Required: 1. Prepare a worksheet for the month of May. 2. Prepare the 3 financial statements - Income Statement, Statement of Owner's Equity, and Balance Sheet - for the end of May. 3. Journalize the adjusting entries.

Adjustment Data: a) Insurance expired, $510.75 b) Disposal supplies on hand, $723 c) Depreciation for the year on disposal equipment is based on the straight-line method, 12-year life, and a residual value of $1,225 d) Depreciation for the year on building is also straight-line, 20-year life, and a residual value of $25,000 e) Wages earned by employees but not due to be paid until June amounted to 36 hours at $18/hour plus 30 hours at $24/hour

[ Assignment 43 \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{11}{|l|}{ Assignment i 3:P4 IC } \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \multirow[b]{2}{*}{ Account Thties } & \multicolumn{2}{|c|}{ Trial Balance } & \multicolumn{2}{|c|}{ Adjustments } & \multicolumn{2}{|c|}{ Adiusted Trial Balance } & \multicolumn{2}{|c|}{ Income Statement } & \multicolumn{2}{|c|}{ Balance Sheet } \\ \hline & Or & Cr & Dr & Cr & Dr & G & Dr & G & Dr & G \\ \hline cosh & 22210.00 & & & & & & & & & \\ \hline Accounts Recrivable & 1200.00 & & & & & & & & & \\ \hline Prepaid insurance & 681.00 & & & & & & & & & \\ \hline Oisposal Supplies & 1542.00 & & & & & & & & & \\ \hline Oisposul fquipment & 11740.00 & & & & & & & & & \\ \hline Accum. Depr, Disp. Lquip. & & 7010.00 & & & & & & & & \\ \hline Building & 4800000 & & & & & & & & & \\ \hline Accum. Depr, Building. & & 2070000 & & & & & & & & \\ \hline Accounts Payable & & 4660.00 & & & & & & & & \\ \hline A. Hoanc. Capital & & 48681.00 & & & & & & & & \\ \hline A. Hayes withdrenais & 1674200 & & & & & & & & & \\ \hline Oisposal fees Revenue & & 52720.00 & & & & & & & & \\ \hline Wapes ixpeme & 28240.00 & & & & & & & & & \\ \hline Maiterifxpease & 254400 & & & & & & & & & \\ \hline \multirow[t]{2}{*}{ Advertiving trpeme } & 372.00 & & & & & & & & & \\ \hline & 13377100 & 1377100 & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline & & & & & & & & & & \\ \hline \end{tabular}