Answer Happy

After the success of your company’s first two months of Apriland May, it continues to operate during June 2022. The May 31,2022, balances of all accounts were as follows.
Trial Balance as of 5/31/2022
Account
Balance
Cash
24,875
Accounts Receivable (AR)
2,500
Supplies
3,700
Prepaid Insurance
2,400
Prepaid rent
6,000
Property, Plant, Equipment (PPE)
50,000
Accounts Payable (AP)
900
Salaries Payable (SP)
0
Unearned Service Revenue (USR)
3,600
Contributed Capital (Common Stock)
80,000
Service Revenue
12,500
Depreciation Expense
0
Salaries Expense
6,250
Insurance Expense
0
Rent Expense
0
Supplies Expense
0
Advertising Expense
1,275
Repairs Expense
0
Required:
Accounts Opening Balance, 3/1/2022 (A) Transactions 1 2 3 4 5 6 7 8 9 Balances Before Adjustments (B) Adjustments 1 2 3 4 5 6 Adjusted Balances Revenues: Less: Expenses: Net Income (Loss) Cash 24,875 2,500 24875 Assets AR Supplies Prepaid Insurance Prepaid Rent 3,700 2,400 6,000 24875 2500 2500 3700 3700 Income Statement for First Quarter 2022 2400 2400 6000 6000 PPE 50,000 Assets 50000 HINT: 50000 Total Assets = 900 AP 900 900 Liabilities SP 0 0 0 The two green cells must equal USR 3,600 Total Liabilities and Equity 3600 Balance Sheet as of 3/31/2022 Liabilities and Equity: 3600 + Equity Contributed Equity Earned Equity 4,975 80000 80000 80000 4975 4975 Service Revenue 12,500 12500 12500 Depreciation Exp. 0 0 0 Salaries Exp. 6,250 750 7000 7000 Expenses Insurance Exp. Rent Exp. 0 0 0 0 0 0 0 Supplies Exp. 500 500 500 Adv. Exp. Repairs Exp. 1275 0 1025 2300 2300 0 0