adjusting

In addition to those accounts listed on the trial balance, the chart of accounts for Lazy River Resort also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense, Other data: -1. Prepaid insurance is a 1-year policy starting May 1, 2020. 2. Account of supplies shows 750 of unused supplies on May 31. - 3. Annual depreciation is 3,600 on the buildings and 1,500 on equipment. .4. The mortgage interest rate is 6%. (The mortgage was taken out on May I.) -5. Two-thirds of the unearned rent revenue is recognized as revenue. -6. Salaries of 750 are accrued and unpaid at May 31. Instructions a. Journalize the adjusting entries on May 31 . b. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use Jl as the posting reference.) c. Prepare an adjusted trial balance on May 31 . Adj. trial balance 101,055 d. Prepare an income statement and a retained earnings statement for the month of May and a statement of financial position at May 31. Net income 4,795 Ending retained earnings 3,795