Cheyenne Corp. Adjusted Trial Balance Debit Credit IMA The Cheyenne Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Cheyenne Corp. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $3,500 126 2,000 Supplies Prepaid Insurance 130 2,400 140 Land 14,000 141 Buildings 61.600 149 Equipment 14.900 201 Accounts Payable $ 11,300 208 Unearned Rent Revenue 3.200 275 Mortgage Payable 40,000 311 Common Stock 35,300 429 Rent Revenue 13,400 610 Advertising Expense 650 610 650 726 Advertising Expense Salaries and Wages Expense Utilities Expense 3,200 732 950 $103,200 $103,200 In addition to those accounts listed on the trial balance, the chart of accounts for Cheyenne Corp. 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, 2019. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,084 on the buildings and $1,488 on equipment The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) 5. Two-thirds of the unearned rent revenue has been earned. 4. 6. Salaries of $800 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit May 31 0. Insurance Expense 200 Prepaid Insurance 200 May 31 Supplies Expense 1,300 Supplies 1.300 May 31 Depreciation Expense 381 Accumulated Depreciation Equipment 124 Accumulated Depreciation Buildings 257 May 31 Interest Expense 400 Interest Payable 400 May 31 Uneamed Rent Revenue 2.133 27 ACCUmuatedepreciation-Bundings May 31 Interest Expense 400 Interest Payable 400 May 31 Unearned Rent Revenue 2,133 Rent Revenue 2.133 May Salaries and Wages Expense 31 800 Salaries and Wages Payable 800 No. 101 Cash Balance Ref Credit Debit 3.500 No. 126 Ref Debit Credit Balance Date Explanation May 31 Balance Supplies Date Explanation May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance 2,000 J1 1300 700 No. 130 Ref Debit Credit Balance 2.400 May 31 Adjusting J1 200 2200 Land No. 140 Date Explanation Ref Debit Credit Balance May 31 Balance 14,000 Buildings No. 141 Date Explanation Ref Debit Credit Balance No. 141 Ref Debit Credit Balance 61,600 No. 142 Ref Debit Credit Balance J1 257 257 No. 149 Buildings Date Explanation May 31 Balance Accumulated Depreciation- Buildings Date Explanation May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation- Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation May 31 Balance Ref Debit Credit Balance 14900 No. 150 Ref Debit Credit Balance 31 124 124 No. 201 Ref Debit Credit Balance 11300 Uneamed Rent Revenue No 209 No. 201 Ref Debit Credit Balance 11300 Accounts Payable Date Explanation May 31 Balance Unearned Rent Revenue Date Explanation May 31 Balance No. 208 Ref Debit Credit Balance 3200 J1 2133 1067 No. 212 May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Ref Debit Credit Balance J1 800 800 No. 230 Interest Payable Date Explanation Ref Debit Credit Balance J1 400 400 May 31 Adjusting Mortgage Payable Date Explanation No. 275 Ref Debit Credit Balance May 31 Balance 40.000 Common Stock No. 311 Date Explanation Ref Debit Credit Blanco No. 311 Common Stock Balance Date Explanation Ref Credit Debit 35,300 May 31 Balance Rent Revenue No. 429 Date Ref Debit Credit Balance Explanation Balance May 31 13400 May 31 Adjusting J1 2133 15,533 No. 610 Advertising Expense Date Explanation Ref Debit Credit Balance May 31 Balance 650 No. 619 Ref Debit Credit Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation 31 381 381 No. 631 Ref Debit Credit Balance May 31 Adjusting 31 1300 1300 Interest Expense No. 718 Data Explanation Raf nahie No. 718 Balance Ref Credit Debit 400 J1 400 No. 722 Interest Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation Ref Debit Credit Balance 31 200 200 No. 726 Ref Debit Credit Balance May 31 Balance 3200 May 31 31 800 4000 Adjusting Utilities Expense Date Explanation No. 732 Ref Debit Credit Balance May 31 Balance 950