A:Using the following information, record adjusting entries in the general journal and post to the ledgers accounts:

a. One months Insurance has expired

b. Remaining inventory of unused repair supplies is $338.

c. Estimated appreciation on repair equipment is $140.

B. From the accounts in the ledger, prepare an adjusted trial balance.

C. From the adjusted trial balance, prepare an income statement, a statement of retained earnings, and a balance sheet for May.

NOTE: the journal entries are already done and answered here (https://www.chegg.com/homework-help/questions-and-answers/first-month--requirement-1-prepare-general-journal-entries-pretty-lined-journal-pages-post-q24853334)

Thanks!

P3. Stoker's Repair Services, Inc., engaged in the following transactions during the month of May in 2014 0 May Began business by issuing common stock for cash, $10,000 1 Paid the rent for the store for current month, $850 1 Paid the premium on a one-year insurance policy, $960 2 Purchased repair equipment from Latin Company, $8,400. Terms were 0 5 8 15 21 31 31 $1,200 down and S600 per month for one year. First payment is due June 1. Purchased repair supplies from Tanaka Company on credit, $936 Paid cash for an advertisement in a local newspaper, $120 Received cash repair revenue for the first half of the month, $800. Paid Tanaka Company on account, $450 Received cash repair revenue for the last half of May, S1,950 Paid a dividend, $600 P3. Stoker's Repair Services, Inc., engaged in the following transactions during the month of May in 2014 0 May Began business by issuing common stock for cash, $10,000 1 Paid the rent for the store for current month, $850 1 Paid the premium on a one-year insurance policy, $960 2 Purchased repair equipment from Latin Company, $8,400. Terms were 0 5 8 15 21 31 31 $1,200 down and S600 per month for one year. First payment is due June 1. Purchased repair supplies from Tanaka Company on credit, $936 Paid cash for an advertisement in a local newspaper, $120 Received cash repair revenue for the first half of the month, $800. Paid Tanaka Company on account, $450 Received cash repair revenue for the last half of May, S1,950 Paid a dividend, $600