The journal entries for May Kiddy Day Care s second

month
The journal entries for May, Kiddy Day Care’s second month of business, have been
journalized in the general journal in your Working Papers or in CengageNow. The balances of
the accounts as of April 30 have been recorded in the general ledger in your Working Papers or
in CengageNow. The word Balance in the Item column, the check mark in the Post. Ref. column
and the fact that the amount is in the Balance column only. This indicates a balance brought
forward from a prior page or month. Required 1. Write the owner’s name, R. Ramirez, in the
Capital and Drawing accounts. 2. Post the general journal entries to the general ledger
accounts. 3. Prepare a trial balance as of May 31, 20—. 4. Prepare an income statement for the
two months ended May 31, 20—. 5. Prepare a statement of owner’s equity for the two months
ended May 31, 20—. 6. Prepare a balance sheet as of May 31, 20—.View Solution: The journal
entries for May Kiddy Day Care s second month
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