Based on the general ledger images provided and given information, please prepare Opening trial balance, adjustments to trial balance and adjusted trial balance along with post closing trial balance. Please help me asap as I'm stuck and I need to submit this assignment by the end of the day. I will give a positive rating, if get help.

Additional Transaction:

On May 2, Bill signed a 1 year, 6% note for $3,500 associated with the purchase of a used truck for the business. The interest will be due with the principle of the note.

On May 2, Bill purchased a used truck for $7,000 to use for the lawn care business. He estimates a trade-in value of $500 at the end of the estimated five-year life of the truck.

On May 5, Bill purchased a lawn mower for $300 and an aerator for $500. He estimates $0 salvage value for both pieces of equipment and an estimated two-year life for both.

On May 6, Bill writes a $600 check for a six month insurance policy that expires October 31, 2014.

Instructions:

Using the chart of accounts provided, and the Excel template provided with this assignment, record the adjustments in the Worksheet, calculate the adjusted trial balance and complete the worksheet.

Prepare the Income Statement, Statement of Owners Capital and Balance Sheet for Bills Lawn Care for May, 2014

Prepare journal entries, in good form, to record the May adjusting entries. Explanations are optional. Start with Page 3 of the General Journal for the adjusting entries.

Post the journal entries to general ledger accounts. There are already transactions in the ledger for the month, you are adding to those transactions.

Prepare and post the closing entries for May, 2014. Start with Page 4 of the General Journal for the closing entries

Prepare a post-closing trial balance as of May 31, 2014, for Bills Lawn Care.

Bills Lawn Care

Chart of Accounts

Classification	Account Number	Account Name
ASSETS	101	Cash
	110	Accounts Receivable
	120	Supplies
	130	Prepaid Insurance
	150	Equipment
	155	Accumulated Depreciation Equipment
LIABILITIES	201	Accounts Payable
	220	Notes Payable
	225	Interest Payable
OWNERS EQUITY	301	Owners Capital
	305	Owners Drawings
	310	Income Summary
REVENUES	401	Lawn Service Revenue
EXPENSES	620	Supplies Expense
	630	Fuel Expense
	640	Repair and Maintenance Expense
	650	Advertising Expense
	660	Insurance Expense
	670	Depreciation Expense
	680	Interest Expense

GENERAL LEDGER ACCOUNT Cash ACCOUNT NO 101 BALANCE Debit DATE DESCRIPTION REF DEBIT CREDIT 2014 16,500 700 16,250 23 26 30 31 J2 J2 J2 J2 J2 75 16,975 17,475 17,075 400 31 ACCOUNT Accounts Receivable ACCOUNT NO 110 BALANCE DATE DESCRIPTION REF DEBIT CREDIT Debit Credit 2014 100 400 100 May 16 23 30 31 J2 J2 700 200 ACCOUNT Supplies ACCOUNT NO 120 BALANCE DATE DESCRIPTION REF DEBIT CREDIT Credit