Sassafras Sls, Inc Chart of Accounts Balance Sheet Account SA Income Statement Accounts & 41 Revenues 11 C 12 Accounts Receivable 13 Supplies 14 Prepardice 15 Ofice Equipment 16 Accum Depreciation Office Debit Debit Deb Deb Debat Credit St Expenses Crede 21 Accounts Paya 22 Acorus peabile Credit 23 Unearned Revenue Credit 3 Stockholders' Equity 31 Common Stock Credit 32 Retained Earnings Credit 33 Dividends Debit Sassafras Sis, le ta pool design firm based in Orana, Florida. Based on the following fast pattern complete the entire counting cycle case study for May 2016 1 Record the following entries for the month of May in the General Journal (GH) pages it and 12 May 1 Invested $25,000 cash in exchange for Common Stock 1 Paid cash $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 $1.600 17 Paid $1,000 cash to creditor 20 Revenue from designing several pools $12,000. Received $7,000 cash, remainder on account 22 Received $900 cash from customer for future work 24 Received $1,000 cash from customer paying down account 25 Social media "likes" exceed 5000 Marketing anticipates a sales bump of Siperlike 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 -T ACCOUNT (WITH OPENING BALANCES) -GENERAL LEDGER ACCOUNTS (WITH OPENING BALANCE) -UNADJUSTED TRAIL BALANCE ***OPENING BALANCE AMOUNTS: CASH $35000, COMMON STOCK $20000, RETAINED EARNINGS $15000**** *PLEASE LABEL THE GENERAL LEDGER ACCOUNT *PLEASE LABEL THE UNADJUSTED TRAIL BALANCE