April Journal Entries		April ATB		May Journal Entries		May ATB
	Dr.	Cr.	Dr	Cr	Dr	Cr	Dr.	Cr.	Dr.	Cr.
Cash	546,406		1,048,291	282,000	1,312,697				10,000
Notes Receivable
Accounts Receivable	233,900		126,400	83,200	277,100
Allowance for Doubtful Accounts		85,000				85,000
Inventory	652,400			64,500	587,900
Prepaid Rent	9,550				9,550					2500
Prepaid Insurance	7,250				7,250					605
Store Supplies	11,400		7,350		18,750				8,600
Building
Accumulated Depreciation-Building
Equipment	597,800				597,800
Accumulated Depreciation-Equipment		85,000				85,000
Accounts Payable		296,600	6,400	7,350		297,550
Salaries Payable		98,400	98,400			-				25,000
Unearned Revenue		50,000		4,500		54,500				10,000
Estimated Warranty Liability
Long Term Notes Payable
Bonds Payable		500,000				500,000
Discount on Bonds Payable	37,194				37,194
Preferred Stock				320,000		320,000
Additional Paid in Capital-Preferred				100,000		100,000
Common Stock		100,000		300,000		400,000
Additional Paid in Capital-Common				225,000		225,000
Retained Earnings		880,900				880,900
Dividends			105,500		105,500
Sales				109,750		109,750
Sales Returns and Allowances	-
Sales Discount	-		669		669
Consulting Revenue		-		32,910		32,910
Interest Revenue	-	-
Gain on sale	-
Cost of Goods Sold			64,500		64,500
Bad Debt Expense	-
Supplies Expense										8,600
Salaries Expense			45,000		45,000				25,000
Advertising Expense			11,000		11,000
Miscellaneous Expense	-
Rent Expense			5,000		5,000				2,500
Utilities Expense			10,700		10,700
Insurance Expense									605
Interest Expense	-
Depreciation Expense	-
Insurance Expense	-
	2,095,900	2,095,900	1,529,210	1,529,210	3,090,610	3,090,610	-	-	46,705	46,705

Prepare an adjusted trial balance. I'm needing help with May transactions.

May 1. Poplar Tree received payment from Halstad. Co. for the April 21" sale. May 1. Poplar Tree pays $5,000 cash for May rent. May 1. Poplar Tree sold $75,000 of merchandise on account to Ryanair Co., terms 5 Page FOB destination, 2/10, 1/30. The cost of the merchandise was $37,550. Ryanair signed an 8% note due in 30 days. May 1.Poplar Tree paid salaries that were accrued on April 30. May 1 The company sold equipment for $80,000 cash. The equipment had cost $150,000 and was 45% depreciated at the time of the sale. The company already depreciated the equipment through May 1. After disposing of this piece of equipment, the company has several pieces of Equipment with a cost of $447,800 that was purchased on January 1, 2018. This group of equipment has a salvage value of $26,000 and a useful life of 5 years. May 3 The company purchased $36,000 of merchandise on account from Kersey Co., terms FOB shipping point, 2/10, n/30. May 4. Paid Esdex $600 cash for delivering inventory purchased from Kersey Coon May 3. May 5. Poplar Tree received payment from Pelter Co. for the April 23 sale. May 6. The company sold $68,500 of merchandise on account to Korman Co., terms FOB shipping point, 2/10,n/30. The cost of the merchandise was $41,000. May 8. Korman Co. returned $13,500 of merchandise from the sale of May 6. The cost of the returned merchandise was $8,000. May 11. The company sold $43,776 of merchandise on account to Gee Co. terms FOB shipping point, 1/10, 1/30. The cost of the merchandise was $16,250. May 12. Paid Kersey for the merchandise purchased on May 3. May 15. Paid cash for a newspaper advertisements for the month of May, $11,000. May 16. Poplar Tree received payment from Korman Co. for the May 6 sale. May 20. The company sold $110,000 of merchandise on account to Crescent Co., terms FOB shipping point, 2/10, n/30. The cost of merchandise was $70,000. May 23. Poplar Tree received payment from Gee Co. for the May 11th sale. May 23. Poplar Tree purchased $88,000 of merchandise on account from Osterman Co., terms, FOB destination, 1/10,n/30. May 24. Poplar Tree returned damaged merchandise to Osterman from the May 23 purchase. Poplar received a credit memo from the seller for $5,000. May 28. The company paid $45,000 cash to employee for hours worked. May 29. The company purchased $24,000 of supplies for cash from Office Station Company. May 30. Poplar Tree sold $78,750 of merchandise on account to Turner Co., terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold was $47,000. May 30. The company received payment from Crescent Co. for the May 20 sale. May 30. Paid Osterman for the merchandise purchased on May 23. May 31. Ryanair dishonored the note issued by the company on May 1. May 31. The company paid $10,700 cash for utilities expense for May. May 1. Poplar Tree received payment from Halstad. Co. for the April 21" sale. May 1. Poplar Tree pays $5,000 cash for May rent. May 1. Poplar Tree sold $75,000 of merchandise on account to Ryanair Co., terms 5 Page FOB destination, 2/10, 1/30. The cost of the merchandise was $37,550. Ryanair signed an 8% note due in 30 days. May 1.Poplar Tree paid salaries that were accrued on April 30. May 1 The company sold equipment for $80,000 cash. The equipment had cost $150,000 and was 45% depreciated at the time of the sale. The company already depreciated the equipment through May 1. After disposing of this piece of equipment, the company has several pieces of Equipment with a cost of $447,800 that was purchased on January 1, 2018. This group of equipment has a salvage value of $26,000 and a useful life of 5 years. May 3 The company purchased $36,000 of merchandise on account from Kersey Co., terms FOB shipping point, 2/10, n/30. May 4. Paid Esdex $600 cash for delivering inventory purchased from Kersey Coon May 3. May 5. Poplar Tree received payment from Pelter Co. for the April 23 sale. May 6. The company sold $68,500 of merchandise on account to Korman Co., terms FOB shipping point, 2/10,n/30. The cost of the merchandise was $41,000. May 8. Korman Co. returned $13,500 of merchandise from the sale of May 6. The cost of the returned merchandise was $8,000. May 11. The company sold $43,776 of merchandise on account to Gee Co. terms FOB shipping point, 1/10, 1/30. The cost of the merchandise was $16,250. May 12. Paid Kersey for the merchandise purchased on May 3. May 15. Paid cash for a newspaper advertisements for the month of May, $11,000. May 16. Poplar Tree received payment from Korman Co. for the May 6 sale. May 20. The company sold $110,000 of merchandise on account to Crescent Co., terms FOB shipping point, 2/10, n/30. The cost of merchandise was $70,000. May 23. Poplar Tree received payment from Gee Co. for the May 11th sale. May 23. Poplar Tree purchased $88,000 of merchandise on account from Osterman Co., terms, FOB destination, 1/10,n/30. May 24. Poplar Tree returned damaged merchandise to Osterman from the May 23 purchase. Poplar received a credit memo from the seller for $5,000. May 28. The company paid $45,000 cash to employee for hours worked. May 29. The company purchased $24,000 of supplies for cash from Office Station Company. May 30. Poplar Tree sold $78,750 of merchandise on account to Turner Co., terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold was $47,000. May 30. The company received payment from Crescent Co. for the May 20 sale. May 30. Paid Osterman for the merchandise purchased on May 23. May 31. Ryanair dishonored the note issued by the company on May 1. May 31. The company paid $10,700 cash for utilities expense for May