Requirements 1. Prepare an accounting worksheet 2. Prepare an income statement owners equity using a report format 3. Prepare closing entries for the month 4. Prepare a post closing trial balance This would really be a big help!

Purchased 800 units of inventory for $4,000 from Sparkle Co. on terms, 2/10, n/20 Purchased 300 units of inventory from Borax on terms 3/5, n/30. The total invoice was for $2,100, which included a $100 freight charge. May 2 5 7 Returned 300 units of inventory to Sparkle from the May 2 purchase (cost $1,500) 9 Paid Borax 11 Sold 280 units of goods to Merry Maids for $2,500 on terms 1/10, n/30. Crystal's cost of the goods was $1,400. 12 Paid Sparkle 15 Received 56 units with a retail price of $500 of goods back from customer Merry Maids. The goods cost Crystal $280 21 Received payment from Merry Maids, settling the amount due in full 28 Sold 81 units of goods to Hillary, Inc., for cash of S600 (cost $400) 29 Paid cash for Utilities of $350 30 Paid cash for Sales commission expense of $700 31 Recorded the following adjusting entries: Physical count of Inventory on May 31 showed, 206 units of goods on hand, $1,400 Depreciation, $300 Accrued salary expense of $300 Prepared all other adjustments necessary for May