May $1-$ Issued Check No$.5200$ to L&J Management Co$.$ in payment of the May rent, $$5,000.($Use two lines to record the transaction. Charge $80\%$ of the rent to Rent Expense $$ Selling Space and the balance to Rent Expense $$ Office Space.$)$

May $2$ Sold merchandise on credit to Yellow Rock Company, Invoice No$.9501,$ for $$4,500($cost is $ $2,000)$

May $3-$ Issued a $$150$ credit memorandum to Yellow Rock Company for defective $($worthless$)$ merchandise sold on May $2$ and returned for credit.

May $4$ Purchased the following on credit from Jerry$$s Curling Supply Co$.$ Invoice dated May $4,$ terms n$/10$ EOM.

Merchandise $$27,027\mathrm{.}00$

Store supplies $$754$

Office supplies $$38$

Total $$27,819\mathrm{.}00$

May $8$ Issued Check No$.5201$ to Jerry$$s Curling Supply Company for merchandise purchased on May $4$th$.$

May $9$ Sold store supplies to the merchant next door at their cost of $$220$ cash. $($Hint $$ what are we selling to the next door neighbor, it is not Merchandise Inventory and does not have a cost associated with it$)$ May $10$ Purchased $$2,047$ of office equipment on credit from Jerry$$s Curling Supply Co$.,$ invoice dated May $10,$ terms n$/10$ EOM.

May $11$ Purchased $$6,200$ of merchandise from Red Rock, Inc., invoice dated May $10,$ terms $2/10,$ n$/30.$

May $12$ Received a $$97$ credit memorandum from Jerry$$s Curling Supply for the return of defective office equipment received on May $10.$ May $15$ Issued Check No$.5202,$ payable to Payroll, in payment of sales salaries, $$3,230,$ and office salaries, $$1,510.$ Cashed the check and paid the employees.

May $15$ Cash sales for the first half of the month are $$31,280($cost is $$13,200).($Cash sales are recorded daily but are recorded in a lump sum format through two entries May $15$ and May $31)$

May $16$ Sold merchandise on credit to House Curling Company, Invoice No$.9502,$ for $$3,990($cost is $$1,890)$

May $17$ Purchased $$23,650$ of merchandise from Olympics Gold, invoice dated May $17,$ terms $2/10,$ n$/60.$

May $19$ Issued Check No$.5203$ to Red Rock, Inc. in payment of its May $11$ invoice less the discount.

May $22$ Sold merchandise to Sweep Services, Invoice No$.9503,$ for $$8,650($cost is $$4,990),$ terms $2/10,$ n$/60.$

May $23$ Issued Check No$.5204$ to Olympics Gold in payment of its May $17$ invoice less the discount.

May $24$ Purchased the following on credit from Jerry$$s Curling Supply Company Invoice dated May $24,$ terms n$/10$ EOM.

Merchandise $$8,102\mathrm{.}00$

Store supplies $$630\mathrm{.}00$

Office supplies $$280\mathrm{.}00$

Total $$9,012\mathrm{.}00$

May $25$ Purchased $$3,080$ of merchandise from Burned Stone Curling, invoice dated May $25,$ terms $2/10,$ n$/30.$

May $26$ Sold merchandise on credit to Draw Weight, Invoice No$.9504,$ for $$21,315($cost is $$12,230).$

May $26$ Issued Check No$.5205$ to Pebble Power in payment of the May electric bill, $$983.$

May $29$ The owner of Curling Rocks, Skip Slider, used Check No$.5206$ to withdraw $$4,800$ cash from the business for personal use.

May $30$ Received payment from Sweep Services for the May $22$ sale less the discount.

May $30$ Issued Check No$.5207,$ payable to Payroll, in payment of sales salaries, $$3,230,$ and office salaries, $$1,510.$ Cashed the check and paid the employees.

May $31$ Cash sales for the last half of the month are $$46,025($cost is $$22,500)$

$1)$ General Journal Entries $-$ transactions for May, Adjusting Journal Entries, and Closing Entries

$2)$ General Ledger $-$ complete with everything posted out to the individual accounts

$3)$ Worksheet $-$ complete and tied out

$4)$ Multiple Step Income Statement

$5)$ Statement of Owner's Equity

$6)$ Balance Sheet

$7)$ Post Closing Trial Balance