Chapter 4 Homework i 3 $900 into the business. May 3...

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Accounting

Chapter 4 Homework i
3
$900 into the business.
May 3 Purchased supplies, including a microphone, and brochures for $600 cash.
May 4 Purchased a printer for $360 on account.
May 5 Purchased a one-year insurance policy for $2,400 cash.
May 6 Emily withdrew $200 for a Mother's Day gift.
May 8 Interviewed and hired one employee to assist with leading tours. tour bookings.
May 15 Led three tours of Stanley Park and received $600 cash.
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May 25 Led four tours of Granville Island, for $1,000. The customers on this tour had prepaid on May 10.
References
The following information is known at May 31,2023.
The laptop has an estimated life of thre years.
The printer has an estmated life of three years.
There are $200 of supplies that are not used.
A portion of the insurance policy has expired.
Wages of $500 were unpaid and unrecorded.
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.)
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