$($b$)$

Enter the totals from the trial balance as beginning account balances. Post the adjusting entries to the ledger accounts. $($For Utilities, for "Accounts Payable".$)($Post entries in the order of journal entries presented in the previous part.$)$

$\backslash$table$[[$Cash$,,,$No$.101,],[$Date Explanation,Ref.,Debit,Credit,Balance$]]$

May $31$

Balance

$\sqrt[\phantom{2}]{?}$

$\backslash$table$[[$Accounts Receivable,,,No$.112,],[$Date Explanation,Ref.,Debit,Credit,Balance$]]$

May $31$

Balance

$$

May $31$

Adjusting

$34$

May $31$ Balance

$\sqrt[\phantom{2}]{?}$

May $31$

Adjusting

$J4$

Prepaid Insurance

No$.130$

Date

Explanation

Ref.

Debit

Credit

Balance

May $31$

Balance

$\sqrt[\phantom{2}]{?}$

Blue Spruce Limited has the following information available for accruals for the year ended December $31,2027.$ The company adjusts its accounts annually.

The December utility bill for $$520$ was unrecorded on December $31.$ Blue Spruce paid the bill on January $11.$

Blue Spruce is open $7$ days a week and employees are paid a total of $$4,200$ every Monday for a $7-$day $($Monday$-$Sunday$)$ workweek. December $31$ is a Thursday, so employees will have worked $4$ days $($Monday$,$ December $28-$Thursday, December $31)$ that they have not been paid for by year$-$end. Employees will be paid next on January $4.$

Blue Spruce signed a $$54,000,5\%$ bank loan on November $1,2026,$ due in $2$ years. Interest is payable on the first day of each following month. $($For example, interest incurred during November would be paid on December $1.)$

Blue Spruce receives a fee from Pizza Shop next door for all pizzas sold to customers using Blue Spruce's facility. The amount owed for December is $$360,$ which Pizza Shop will pay on January $4.($Hint: Use the Service Revenue account.$)$

Blue Spruce rented some of its unused warehouse space to a client for $$7,200$ a month, payable the first day of the following month. It received the rent payment for the month of December on January $1.$