to do the following: 1 Review the opening account balances in the ledger accounts provided 2 Enter the transactions in the general journal and post to the ledger accounts. 3 Prepare a trial balance based on your ledger accounts and compare it to the check-sums provided with this assignment. Correct any ledger and journal errors you may have found. The transactions and postings in your accounts must match the totals from the check sums. If you only correct the trial balance, you will lose marks. 4 Transfer the now corrected numbers from Step #3 into the Unadjusted Trial Balance columns of the provided work sheet form, and complete the work sheet using the following information for your adjusting entries. - Ending merchandise inventory - Ending store supplies inventory Ending office supplies inventory Estimated monthly depreciation of store equipment Estimated monthly depreciation of office equipment - Expired insurance Bank Service charges for May -Overdraft fee for when your cash account went negative - Interest Eared in the month of May 5 Prepare a May classified, multiple-step income statement, a May statement of owner's equity, and a May 31 classified balance sheet. Prepare and post adjusting and closing entries (omit explanations 7 Prepare a post-closing trial balance. $42,973 $553 5872 $814 $382 $200 $40 $165 $5 Submit all of your work including: Journal entries, ledger accounts, worksheet, financial statements, and your journals with adjusting and closing entries along with the post closing trial balance ***YOUR LEDGER ACCOUNT BALANCES MUST EQUAL THE AMOUNTS YOU HAVE LISTED ON YOUR UNADJUSTED AND ADJUSTED TRIAL BALANCES, WORKSHEET AND FINANCIAL REPORTS DATA and TRANSACTIONS 19 s 30 3 FT Q Fa 6 FS A * 2 3 $ 4 07 de 6 & 7 00 9 to do the following: 1 Review the opening account balances in the ledger accounts provided 2 Enter the transactions in the general journal and post to the ledger accounts. 3 Prepare a trial balance based on your ledger accounts and compare it to the check-sums provided with this assignment. Correct any ledger and journal errors you may have found. The transactions and postings in your accounts must match the totals from the check sums. If you only correct the trial balance, you will lose marks. 4 Transfer the now corrected numbers from Step #3 into the Unadjusted Trial Balance columns of the provided work sheet form, and complete the work sheet using the following information for your adjusting entries. - Ending merchandise inventory - Ending store supplies inventory Ending office supplies inventory Estimated monthly depreciation of store equipment Estimated monthly depreciation of office equipment - Expired insurance Bank Service charges for May -Overdraft fee for when your cash account went negative - Interest Eared in the month of May 5 Prepare a May classified, multiple-step income statement, a May statement of owner's equity, and a May 31 classified balance sheet. Prepare and post adjusting and closing entries (omit explanations 7 Prepare a post-closing trial balance. $42,973 $553 5872 $814 $382 $200 $40 $165 $5 Submit all of your work including: Journal entries, ledger accounts, worksheet, financial statements, and your journals with adjusting and closing entries along with the post closing trial balance ***YOUR LEDGER ACCOUNT BALANCES MUST EQUAL THE AMOUNTS YOU HAVE LISTED ON YOUR UNADJUSTED AND ADJUSTED TRIAL BALANCES, WORKSHEET AND FINANCIAL REPORTS DATA and TRANSACTIONS 19 s 30 3 FT Q Fa 6 FS A * 2 3 $ 4 07 de 6 & 7 00 9