Use the unadjusted trial balance data and the information below to create your journal-formatted adjusting entries using correct accounting format. Then change the totals of existing accounts according to the adjusting entries for insertion Into the Adjusted Trial Balance. Than complete an Income Statement for the month of May 2016. Next create a Statement of Owner's Equity for the month of May. You may create a Balance Sheet for extra credit. You will receive a new grade of 80% of your score on this Test 2 retake. Supplies at the end of the month of May are now 2750. Depreciation expense for the laundry equipment is 1200 for the year. You need to adjust for the month of May. Insurance coverage for May cost $500. At the end of the month you owe your employees $2500. Eva's Laundry Trial Balances May 31, 2016 Cash Accounts Receivable. Laundry Supplies... Prepaid Insurance Laundry Equipment Accumulated Depreciation-Laundry Equipment.... Accounts Payable Wages Payable. Eva Bruns, Capital Eva Bruns, Drawing. Laundry Revenue. Wages Expense Rent Expense Utilities Expense Depreciation Expense..... Laundry Supplies Expense Insurance Expense...... Miscellaneous Expense... Unadjusted Debit Balances 7.500 18,250 3.750 5,200 190,000 28,775 49,200 25,575 18,500 3,250 350,000 Credit Balances 48,000 9,600 110,300 182,100 350,000

Use the unadjusted tulal balance data and the Information below to ceete vour joumakformatted adjusting entriles using correct eccounting format. Then change the totals of edsting accounts according to the adjusting entries for insertion into the Adjusted Irtal Balance. Than complete an Inceme Statement for the month of Mar 2016. Nect create a Statement of Owner's Equlty for the month of Mr\%. You may create a Balance Shect for eatra credit You will recelve a new ende of 80% of your score on thils Test 2 rethle. Supplies at the end of the month of May are now 2750. Depreciation expense for the bundy equlpment is 1200 for the vear. Vou need to adfust for tha month of May. Insurance covernge for May cost $500. At the end of the month you owe your employees $2500. Use the unadjusted trial balance data and the information below to create your journal-formatted adjusting entries using correct accounting format. Then change the totals of existing accounts according to the adjusting entries for insertion into the Adjusted Trial Balance. Than complete an Income Statement for the month of May 2016. Next create a Statement of Owner's Equity for the month of Mayl You may create a Balance Sheet for extra credit. You will recelve a new grade of 80% of your score on this Test 2 retake. Supplies at the end of the month of May are now 2750. Depreciation expense for the laundry equipment is 1200 for the year. You need to adjust for the month of May. Insurance coverage for May cost $500. At the end of the month you owe your employees $2500