The transactions for Learning Fun Daycare, Inc., for the month of May 2010 are posted in the following T-accounts.

Requirements 1. Calculate account balances.
2. Prepare the trial balance for Learning Fun Daycare, Inc., at May 31, 2010.

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Cash May 1 45,000 May 4 12,700 111 Equipment 115 Service Revenue 411 May 4 12,700 May 6 7,500 6 7,500 9 200 Bal 17 3,600 23 900 29 1,100 Bal Bal Accounts Payable 211 May 9 Accounts 200 May 2 Bal Salary Expense 501 700 May 29 1,100 Receivable 112 Bal May 17 3,600 May 23 900 Common Stock 311 Bal May 1 45,000 Bal Supplies 113 May 2 700 Bal