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Wickers Restoration Services had the following transactions on May. 1. Recelved $48,000 from sale of common stock. 2. Paid rent on office for the month, $880. 3. Purchased supplies on account, $1,750. 4. Earned fees, receiving cash, $12,600. 5. Paid creditor on account, $1,000. 6. Paid automobile expenses for month, $375, and miscellaneous expenses, $250. 7. Paid office salaries for the month, $3,900. 8. Earned fees that the customer will pay next month, $2,400. 9. Determined that the cost of supplies used was $280. 10. Paid dividends, $2,400. c. Piepare an unadyusted trial balance as of May 31. If an amount box does not require an entry, leave it blank. b. Prepare T accounts, using the account tives in (1), post (in chronolegical order) the journal entries to these accounts, selecting the appropriate number to the left of each amount to identify the transactions. Determe the account balances, after all posting is complete. Accounts containing only a single entry do not need a balance. ters 1 a 2 Supplies Accounts Payable Commen stock Dividends Fees Earned Ment txpense Autensobile Expense Wages Expense tus items Prenous Next d. Determine the net income for May. e. Determine the retained earnings at the end of May, assuming this was the first month of business

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