what have been done so far

What needs to be done

Please correct any faults as well.

Thanks

Accounting 101 Comp. Problem Mike Shaw began his contracting business, Mike Shaw Contractors, on April 1, 2017 The post dosing trial balance for Mike Shaw Contractors for April is down below. During May, Mike Shaw Contractors entered into the following transactions: 16 51 for Mike Shaw Contractors Cash 31 Mike Shaw, Capital Accounts 32 Mike, Shaw, Receivable Drawing Supplies 33 Income Summary Prepaid Rent 41 Fees Earned Prepaid Insurance Salary Expense Office Equipment 52 Rent Expense Accumulated Supplies Expense Depreciation Accounts Payable Depreciation Salaries pavable 55 Insurance Expense Unearned Fees Miscellaneous Expense 21 22 Post-Closing Trial Balance, Mike Shaw Contractors May Received cash from dients as an advance payment for services to be 3. provided and recorded it as uneamed fees. $4,500. 5. Received cash from dients on account, 52.450. 9. Paid cash for a newspaper advertisement, $225. 13. Paid Office Station Co. for part of the debt incurred on April 5, $640. 15. Recorded services provided on account for the period May 1-15, 59.180. 16. Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. 17. Recorded cash from cash dients for fees earned during the period May 1-16, $8,360. Record the following transactions on Page 6 of the journal: 20. Purchased supplies on account. $735. 21. Recorded services provided on account for the period May 16-20, $4,820. 25. Recorded cash from cash dients for fees earned for the period May 17-23, $7,900. 27. Recervextcash from dients on account. $9,520. 28. Paid part-time receptionist for two weeks' salary. 5750. 30. Paid telephone bill for May, $260. 31. Paid electricity bill for May, $810. 31. Recorded cash from cash dients for fees earned for the period May 26-31, $3,300. 31. Recorded services provided on account for the remainder of May, $2,650. 31. Mike Shaw withdrew $10,500 for personal use. Mike Shaw Contractors Post-Closing Trial Balance April 30, 2017 Debits 22 100 13.400 1.350 3200 11500 14.500 Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Office Equipment Accumulated Depreciation Accounts Payable Salaries Payable Uneamed Fees Mike Shaw, Capital Totals 330 800 120 2,500 42,300 46,050 46,050 JOURNAL JOURNAL DATE 121 TEST E T DESCRIPTION BESEFTION Accounts Receivable Fees Eamed 3 34500 Uneamed Fees 54500 575 Cash 5240 Fees Earned 2450 LLLLLLLLL Salary Expense 250 5225 5750 5130 250 Miscellaneous Expense Cash 13 Accounts Payable $250 5131 Miscellaneous Expense 5810 5/15 c counts Receivabi 5.810 F 3100 5/16 NESTEET Fees Famed Salary Expense Salary Payable 530 300 750 Accounts Receivable Fees Eamed FERRER LLLLLLLLLLL SU360 Mke Shaw Drawing EIER 510500 ZD 5735 5735 COMPREHENSIVE PROBLEM 1. Continued 2., 6 and 9. GENERAL LEDGER ACCOUNT Cash DEBITIS CREDITS DE CROIS 7392 ,085 DATE 5/1 573 5/5 579 5/13 5/16 5/16 5/17 5725 527 5/28 5/30 5/31 5731 5/31 TEM P OS Opening balance Unearned fees Accounts Receivable Miscellaneous Accounts payable Salary Expense Salary Payable Foes earned Fees eamed Fees eamed Salary expense ELITE 22 100 26,500 129050 20,825 21,185 27555 127435 35,795 43,6951 53,2151 52 455 Cash Fees earned Mke Shaw, drawing 10 500 1,500 ACCOUNT Accounts Receivable DEMS CREDITS DATE 5/1 ITEM Opening balance ACCOUNT NO. 18 WS 9.1801 R ELIT 5/15 5:21 Fees earned Fees DEST 14 500 14950 COMPREHENSIVE PROBLEM. Continued COMPREHENSIVE PROBLEM. Continued ACCOUNT Accounts Payable AGEGNTM Show, Drawing DET Qoening balance ounts Payable 640 ACCOUNT income Summary Salaries Peya DETS 45.730 51 5/16 Fees Eamed Salary Expense 1,380 Opening balance Salary Payable 45,730 4435 43,059 1.295 ACCOUNT Fees Eamed ACCOUNT Unenmed Fons ACCOUNT NO. 23 CROIS DET 9,180 CREDITS DATEMENT 5/1 Opening balance 5/5 Cash DATE 5/15 5/17 5721 ITEM Accounts Receivable Cash Fees Eamed 2.500 17.540 22360 4,820 7.900 5/25 30250 Fees Fees Eamed 5:27 9.520 3.300 43 080 1531 SUN Mike Shaw Capital DEBITS 5/11 Opening balance Salary Expense 1380 Debil S 5. Optional (Appendix) 44 195 8080 End of Period Spreadsheet Work Sheet home Unadjusted Tralalance Adiuste Trance 3.200 1,500 14 SO 3200 1600 7,000 42,300 10.500 Prepaid Insurance Office Equipment Accumulated Depreciabon Accounts Payable Uneamed tees Mike Shaw, Capital Mike Shaw. Drawings Feed Earned Salary Expense Rent Expense Supplies Expense Depreciation Expense Insurance Expense laneous Expense 895 35,210 12 Office Equipment 13 Accumulated Deprecat 14 Accounts Payable 15 Salaries Payable 16 Unearned fees 17 Mike Shaw Capital 18 Nike Shaw Drawing 1380 700g 1.2985 21 REDES 22. Supplies Expense Depreciation insurance Expense 25 Miscellaneous Expense 36.733 8 6,735 JOURNAL Adjusted The Blace DATE DESCRIPTION Austin Entries DEBIT Account Detin Credits Accounts Receivable 3000 Insurance Expense Prepaid Insurance Supplies Expense Supplies 1500 1225 14500 Depreciation Expense Equipment) Accumulated Depreciation Equipment 3: 1210 42300 Salary Expense Salaries Payable Prepaid Rent Prepaid insurance Otice Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned fees Make Shaw, Capital Mike Shaw, Drawing Fees Eamed Salary Expense Rent Expense Supplies Expense Depreciation Insurance Expense Miscellaneous Expense Totals 10500 40000 $1600 Rent Expense Prepaid Rent 1705 1500 1370 nearned fees Fees Earned 1295 87390 ARRERA Income Statement As o 31-MAY y Expense Rent Expense Supplies Expense Depreciation wance Expense Miscellaneous Expense Not Income Insurance 122555815 ument Ass Orice Egement Accumulated Depreciation AD1 Durers Equity ke Shaw Capital 6965 Total Liabilis & Equity For period ending 05/31/20 JOURNAL DATE DET Debt ins Credit in 5/31 T 6 575 Income Salary expense Rent Expense Supplies Expense Depreciation Insurance Expense Miscelaneous Expense Baglala - 11-11-11 1600 1224 Prepaid Rent Prepaid insurance Othce Equipment Accumulated Depreciation Accounts Payable Salaries Payable Unearned lees ces Eamed Income Summary T40000 Mke Shaw, Capital 3 3425 income Summary Mike Shaw, Capital FEB 12 10500 Mike Shaw, Capital Mike Shaw Drawing 0313 7031 ARRA TI ACCOUNT Rent Expense ACCOUNT NO 52 DATE DEBITIS CREDITS) ACCOUNT NO 52 ITEM DE STT DEBIS CYBERTEL DATE CREDITS ACCOUNT Miscellaneous Expense TEM POST 5/9 Cash 5/30 Cash 5/31 Cash DETS) 225 2601 810 225 485 295 1 ACCOUNT Supplies Expense DATE S TEM P OS DERITS) CREDITS ACCOUNT Depreciation Expense REF DERIS CREDITS Insurance Expense ACCOUNT NO 55 DATE ITEM P DEBITS) CREDITS