. Verizon @ 1 57% X 10:18 AM Accounting Uberflier DOCX - 16 KB Accounting Exercise The following are transactions for the account period of 5/1/2021 through 5/31/2021 for the Sandy's East Coast Kites and Novelties, a sole proprietorship owned by Windy Uberflier. Create a trial balance, Income Statement, Statement of Owners Equity, and Balance Sheet at the end of day on 5/31/2021. Don't forget to adjust accounts. a) 5/1/21 - Deposited $53,000 into a business bank account for the company b) 5/1/21 - Signed a lease for retail and manufacturing space and paid cash for the first six month's rent of $4,200. C) 5/1/21 - Bought office supplies to be used immediately from Dewey's Office and Hunting Supply on account for $600. d) 5/1/21 - Bought a one-year liability insurance policy from Louie's Ducky Insurance Company and Nail Salon for $12,000 cash. e) 5/1/21 - Bought novelty inventory from Huey's Truck Accessories and Novelties with a wholesale value of $5,000, paying $2,500 in cash and promising to pay the balance on 6/1/20. D) 5/2/21 - Bought a Chevy truck from Donald's Truck and Egg Supply with an extended bed and saddle tanks for $23,000 cash. g) 5/3/21 - Bought a truck shell from Huey's Truck Accessories and Novelties for $2,500 on account. h) 5/4/21 - Invested personal computer equipment to the company having a fair market value of $3,400. 1) 5/10/21 - Signs a contracted to perform a Kite Demo in Philadelphia on 6/1/20 and is paid $2,500 cash. j) 5/11/21 - Paid Huey's Truck Accessories and Novelties $1,500 cash. k) 5/11/21 - Purchased an ad in the local newspaper The Righteous Dempublicrat for $200 on account. 1) 5/20/21 - Performed a Kite Demo to the Boy's and Girl's Club of Greater Hoboken with a promise to receive Open Office n) 5/20/21 - Purchased 45 gallons of gas for truck for $160 cash. or 5/7/21 Raid 200 anh to the Inonlunar for nd . Verizon 10:18 AM 7 57% x Accounting Uberflier DOCX - 16 KB balance on 6/1/20. ) 5/2/21 - Bought a Chevy truck from Donald's Truck and Egg Supply with an extended bed and saddle tanks for $23,000 cash. g) 5/3/21 - Bought a truck shell from Huey's Truck Accessories and Novelties for $2,500 on account. h) 5/4/21 - Invested personal computer equipment to the company having a fair market value of $3,400. i) 5/10/21 - Signs a contracted to perform a Kite Demo in Philadelphia on 6/1/20 and is paid $2,500 cash. j) 5/11/21 - Paid Huey's Truck Accessories and Novelties $1,500 cash. k) 5/11/21 - Purchased an ad in the local newspaper The Righteous Dempublicrat for $200 on account. 1) 5/20/21 - Performed a Kite Demo to the Boy's and Girl's Club of Greater Hoboken with a promise to receive $2,500 cash from Scrooge McDuck by 9/1/20. m) 5/20/21 - Paid S1,000 cash to Huey's Truck Accessories and Novelties. n) 5/20/21 - Purchased 45 gallons of gas for truck for $160 cash. 0) 5/22/21 - Paid S200 cash to the local newspaper for ad purchased on 5/11 p) 5/22/21 - Hired a new employee who will start on 5/25 and will be paid $15 per hour (working 8 hours a day M- F), and instantly paid her a bonus of $1,000 cash. Paydays are the first day of the month. Although 5/25 is a national holiday, Uberflier is too cheap to pay holiday pay. 9) 5/26/21 - Bought a trailer from Huey's Truck Accessories and Novelties for $2,120 paying $620 cash down and putting the remaining balance on account. r) 5/26/21 - Received a check from Scrooge McDuck for $850 for partial payment for Kite demo on 5/20. s) 5/28/21 - Customer purchases an ACME Super Duper Flier and various novelty accessories for $4,220 cash. The wholesale value of the merchandise was $2,110. t) 5/28/21 - Withdraws $2,500 in cash from the business to quarantine with style. Open Office 9