Question: The transactions for Fun Time Daycare, Inc., for the month of May 2012 are posted in the following T-accounts. Requirements 1. Calculate account balances at

The transactions for Fun Time Daycare, Inc., for the month of May 2012 are posted in the following T-accounts.

Requirements
1. Calculate account balances at May 31, 2012.
2. Prepare the trial balance for Fun Time Daycare, Inc., at May 31,2012.

Cash Equipment 115 Service Revenue 411 May 6 3,000 17 5,100 May 1 35,000 May 4 12,700 May 4 12700 63,000Ba 23 750 29 1,500 Accounts Payable 211 900 Bal Salaries Expense 501 May 9 600 May 2 Receivable 11215aBa Accounts May 29 1,500 Bal Bal Common Stock 311 May 17 5,100 May 23 750 Bal May 1 35,000 Bal Supplies 113 May 2 900 Bal

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