Sassafras Sis, Inc Chart of Accounts Income Statement Accounts Balance Sheet Account 4 Revenue Debt 11 Cash 41 Revenues Crea 12 Accounts Receivable Debat 13 Supplies Debe 5 Expenses 14 Prepaid insurance Debat 51 Expenses Debat 15 Octquipment Deba 16 Anun. Depreciation of Credit 2 Liabilities 21 Accounts Payable Credit 22 Accrual Detves payable Credit 23 Uneamed Revenue Credit 3 Stockholders' Equity 31 Common Stock Credit 32 Retained Earrings Credit 33 Dividends Debt Sassafras sis, Inc is a pool design firm based in Orona, Florida. Based on the following fact pattern complete the entire accounting cycle case study for May. 20 1 Record the following entries for the month of May in the General Journal (G) page 11 and 12 May 1 Invested $25,000 cash in exhange for Common Stock 1 Paid cath $1,200 for 12 month insurance policy 3 Paid cash for various expenses $3,000 5 Purchased supplies $2,000 on account 10 Paid cash for office equipment $3,600. 17 Paid $1,000 cash to creditor 20 Revenue from designing several pools $12.000. Received $7.000 cash, remainder on account 22 Received 5900 cash from customer for future work 24 Received $1,000 cash from customer paying down account Bucher 30 Board of Directors declared and paid cash Dividend $1,000 EXCLUDE THE DESCRIPTION ALWAYS LEAVE A SPACE BETWEEN SEPARATE TRANSACTIONS 2 Post to General Ledger (GL) 3 Produce the unadjusted Trial Balance - Can you Demonstrate the entries in a I acount. Can you Demo strate a Clear General Ledger