do this using Journal Entries, Ledgers, Trial Balance, Income Statement, and Balance Sheet in Excel. Hometown Consulting is a small agency. Its trial balance as at May 31, 2008 is as follows: Hometown Consulting Trial Balance May 31, 2008 Debit Credit Cash $ 6,800 Accounts Receivable 3,000 Prepaid Insurance 3,000 Supplies 1,500 Office Furniture 12,000 Accounts Payable $ 3,500 Unearned Service Revenue 4,000 Common Stock 19,400 Service Revenue Salaries Expense 5,000 Rent Expense 4,000 1,000 $ 31.900 31.900 Aside from the accounts shown, the following will also be needed: Accumulated Depreciation - Office Furniture Travel Payable Salaries Payable Depreciation Expense Insurance Expense Travel Expense Supplies Expense The following needs to be entered: 1. $500 of Supplies were used during the month 2. Travel costs incurred but not paid were $200 3. The insurance policy is paid for three years 4. Only $1,000 of the Unearned Service Revenue was still Unearned by the end of the month 5. May 31 is a Wednesday, and employees are paid on Friday (5 day week). There are 2 employees, each earning $800 per week. 6. The office furniture is being depreciated straight line over 5 years at $200 per month. 7. There are still $2,000 of services to be booked at the end of the month. Instructions: 1. Prepare T-Accounts for the above 2. Make journal entries for the end of month 3. Re-do the trial balance 4. Prepare a closing journal entry 5. Prepare an income statement and balance sheet L