Exercise 4-17 Complete accounting cycle (monthly) LO1, 2, 4, 5 Emily Lee grew up in Vancouver and loves to be a tourist in her own city. In order to make money to pay for university, she opened a waking tour company, Very Vancouver. The following are transactions for the month of May 2023 , the first month of operations. $936 into the husiness. May 3 Rurchased suppliet, Includine a nicrephone, and brechures for $690 cash. Mey $ Rirchased a one year insurance pollicy for $1,500 cash. Hay 8 inlily withores sian for a hother's ow elft. Hay if Intervieued and hired one epployee to wisist with leading tours. tour botimet Nay is led three tours of staley Park and received smo cash. The following information is known at May 31, 2023. v The faptop has an ettimated tife of three years - The printer has an estimated hife of three years. - There are $230 of supplies that are not used - A portion of the insurance pollcy has expired. - Wages of $900 were unpald arid urirecorded Required 1-o. Prepare joumal entries for the May transactions, (if no entry is required for a transoction/event, select "No journol entry requited" in the first occount field.) 1.b. Prepare the adjusting entrics. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Journal entrv worksheet c. Prepare the closing entries, (Do not round imtermediote calculotions. Round the final answers to the nearest whole dollar.) Journal entry worksheet \begin{tabular}{l|l} \hline \\ 4 \end{tabular} Record to dose the revenue account. Noter Enter detes tefor onits. 2. Post the above journal entries to the T-accounts 3. Prepare a post closing trial balance. (Do not round intermedinte calculotions. Round the final onswers to the neorest whole dollar.) 4. Prepare an income statement and statement of changes in equity for the month ended May 31, 2023. (Do not round intermediate calculations. Round the final onswers to the neorest whole dollor) 5. Prepare a classified balance sheet at May 31, 2023. (Do not round intermediate calculations, Round the final answers to the nearest whole dollar.)