SSI Jsc., applied accrual basis, perpetual inventory system with moving average method and prepare financial statements monthly I. Openning balance as at 01st , May, 2021 as follows: Cash 650 Accounts payable 250 Accounts receivable 800 Common stock 2.500 Prepaid rent expense 100 Salaries payable 150 1.800 Retained earnings 550 Merchandise (Merchandise A, quantity: 100kg, unit cost: 18/kg) Fixed asset 2.400 Accumulated depreciation (2.300) Other accounts have zero balance or no balance. II. The following transactions related to Merchandise incurred in May, 2021 On 8/5: Purchased 350kg merchandise A, purchasing unit cost: 20/kg - On 17/5: Issued merchandise A for sales, quantity: 120kg, selling unit price: 30/kg. - On 20/5: Purchased 400kg merchandise A, purchasing unit cost 28/kg On 26/5: Issued merchandise A for sales, quantity: 280kg, selling unit price: 32/kg. - On 28/5: Purchased 120kg merchandise A, purchasing unit cost 25/kg - On 31/5: Issued merchandise A for sales, quantity: 70kg, selling unit price: 35/kg. Required: 1. A.Give 10 more economic transactions incurred in May related to the following accounts with reasonable data: + Selling expense + Administrative expense + Accounts payable + Salaries payable + Dividend + Unearned service revenue B.Give 3 adjusting data at May 31 related to the following accounts: + Prepaid rent expense + Unearned service revenue + Accumulated depreciation. 2. Journalize entries for all transactions incurred in May (Including adjusting entries and closing entries). Post data of transactions above to relevant T-accounts. 3. Prepare trial balance for the month ended 31st, May, 2021. Prepare Income statement for the month ended 31st, May, 2021. Prepare Balance sheet as at 31st, May, 2021