Question: help me to solve it ~ BB Screenshat (126),png % | @ Exercise 4-12 * @ Question 1-Chapter4 Assignn x Be Google Translate x +

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~ BB Screenshat (126),png % | @ Exercise 4-12 * @ Question 1-Chapter4 Assignn x Be Google Translate x + - x G 23 ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... 4 oe eo Chapter 4 Assignment @ Saved Help Save&Exit Submit 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 walking tour company, Very Vancouver. The following are transactions for the month of May 2023, the first month of operations. 50 points May 1 Emily moved $1@,15@ from her personal bank account to a business bank account at TD Bank. She also invested a laptop worth $1,044 into the business. May 1 Purchased a one-year insurance policy for $1,68@ cash References May 3 Purchased supplies, including a microphone, and brochures for $735 cash. May 4 Purchased a printer for $468 on account. May 6 Emily withdrew $261 for a Mother's Day gift. May 8 Interviewed and hired one employee to assist with leading tours. May 1@ Emily launched a social media campaign of Very Vancouver on Facebook. As a result, she received $2,12@ of cash for future tour bookings. May 15 Led three tours of Stanley Park and received $1,860 cash. May 25 Led four tours of Granville Island, for $1,18@. The customers on this tour had prepaid on May 18. The following information is known at May 31, 2023. The laptop has an estimated life of three years. The printer has an estimated life of three years. + There are $245 of supplies that are not used. A portion of the insurance policy has expired. + Wages of $890 were unpaid and unrecorded. Required 4 Ei oO Type here to search *Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignn X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit Required 1-a. Prepare journal entries for the May transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 50 points Journal entry worksheet References 2 3 4 5 6 7 8 9 > Record the owner's initial investment. Note: Enter debits before credits. Date General Journal Debit Credit May 01, 2023 Mc Graw Hill O Type here to search P A " () ENG 10:24 UP T.TO/ .1/1V*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignn X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 1-b. Prepare the adjusting entries. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list 50 points Journal entry worksheet 2 3 4 5 References Record depreciation on Laptop. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2023 Mc Graw Hill O Type here to search P A " () ENG 10:24 UP T.TO/ .1/1V*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignn X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 1-c. Prepare the closing entries. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list 50 Journal entry worksheet points 2 3 4 References Record to close the revenue account. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2023 Mc Graw O Type here to search P A " () ENG 10:25 UP T.To/. 1/1V*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignn X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 2. Post the above journal entries to the T-accounts. Cash Emily Lee, Capital 50 points Bal. Bal. References Supplies Prepaid Insurance Bal Bal Accounts Payable Unearned Tour Revenue Bal. Bal Wages Payable Emily Lee, Withdrawals Mc Graw Hill O Type here to search A 1 () ENG 10:25 UP T.To/. 1/1V*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignn X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 3. Prepare a post-closing trial balance. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) VERY VANCOUVER Post-Closing Trial Balance May 31, 2023 50 points Account Debit Credit References Total Mc Graw P A " () ENG 10:25 UP O Type here to search T.To/. 1/1V*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignm X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit 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 answers to the nearest whole dollar.) VERY VANCOUVER Income Statement 50 points For Month Ended May 31, 2023 Revenues: References Operating expenses: Total operating expenses Mc Graw O Type here to search P A " () ENG 10:26 UP T.To/ .V/IV*Screenshot (126).png * 5 Exercise 4-12 X 5 Question 1 - Chapter 4 Assignm X Google Translate * + 17 X C 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252Fstudent%252Fcl... * L . . . Chapter 4 Assignment i Saved Help Save & Exit Submit Statement of Changes in Equity For Month Ended May 31, 2023 Emily Lee, capital, May 1 50 Total points Emily Lee, capital, May 31 References 5. Prepare a classified balance sheet at May 31, 2023. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) VERY VANCOUVER Balance Sheet May 31, 2023 Assets Current assets: Mc Graw Hill O Type here to search P A " () ENG 10:27 UP T.To/.1/1V

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