Cullumber Company Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 2,800 126 Supplies 1,664 130 Prepaid Insurance 1,920 140 Land 9,600 141 Buildings 48,000 149 Equipment 12,000 200 Notes Payable $ 32.000 201 Accounts Payable 8.944 208 Unearned Rent Revenue 2,640 311 Common Stock 28.000 208 Unearned Rent Revenue 2,640 311 Common Stock 28,000 429 Rent Revenue 8,240 610 Advertising Expense 480 726 Salaries and Wages Expense 2,640 732 Utilities Expense 720 $ 79,824 $ 79,824 In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber Company. accounts and account numbers: No. 142 Accumulated Depreciation--Buildings, No. 150 Accumulated 212 Salaries and Wages Payable, No. 230 Interest Payable, No.619 Depreciation Expense, No. 631 Sup Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2022. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts./ No. Date Account Titles and Explanation Debit Credit 1. May 31 Insurance Expense 160 160 Prepaid insurance 1064 2. May 31 Supplies Expen 1064 Supplies 300 3 May 31 Depreciation Expense 200 Accumulated Depreciation Building 100 Accumulate Depreciation Equiment + WD M a 4 May 31 Interest Expense 320 320 Interest Payable 1760 5. May 31 Unearned Rent Revenue 1760 Rent Revenue 600 6. May 31 Salaries and Wapes Expense 600 Salaries and Wages Payable Prepare a ledger using the three column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question No. 101 Cash Date Explanation Rel Debit Balance Credit May 31 Balance No. 126 Supplies Date Balance Explanation Ref Credit Credit Debit May 31 Balance Adjusting 31 May 31 Na 100 Balance Prepaid Insurance Date Explanation Cret Red Debit BU Balance May RY No. 130 Prepaid Insurance Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J1 No. 140 Land Balance Date Credit Explanation Ref Debit Balance May 31 No. 141 Buildings Credit Balance Debit Date Explanation Ref May 31 Balance No. 142 Accumulated Depreciation- Buildings Date Explanation Credit Balance Debit Ref Accumulated Depreciation Buildings No. 142 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 No. 149 Equipment Date Explanation Ref Debit Debit Credit Balance May 31 Balance No. 150 Accumulated Depreciation Equipment Credit Balance Date Explanation Ref Debit Adjusting May 31 31 No. 200 Balance Notes Payable Date Explanation Credit Ref Debit Ralance Notes Payable No. 200 Date Explanation Ref Debit Credit Balance May 31 Balance No. 201 Accounts Payable Date Explanation Ref Debit Credit Balance May 31 Balance V Unearned Rent Revenue No. 208 Date Explanation Ref Debit Balance Credit May 31 Balance V May 31 Adjusting 31 No. 212 Salaries and Wages Payable Date Explanation Balance Ref Credit Debit No. 212 Salaries and Wages Payable Date Explanation Ref Debit Credit Balance May 31 Adjusting 31 No. 230 Interest Payable Date Explanation Balance Ref Credit Debit Adjusting 11 May 31 No. 311 Common Stock Credit Balance Debit Date Explanation Ref May 31 Balance No. 429 Balance Rent Revenue Date Explanation Credit Debit Ref May 31 Balance Rent Revenue No. 429 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J1 No. 610 Advertising Expense Date Explanation Ref Debit Credit Balance May 31 Balance No. 619 Depreciation Expense Date Explanation Ref Debit Balance Credit May 31 Adjusting 31 No. 631 Supplies Expense Debit Credit Balance Date Explanation Ref No. 631 Supplies Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 No. 718 Interest Expense Date Explanation Ref Debit Debit Credit Balance May 31 Adjusting J1 No. 722 Insurance Expense Debit Credit Balance Date Explanation Ref May 31 Adjusting 31 No. 726 Salaries and Wages Expense Date Explanation Credit Balance Ref Debit May 31 Balance Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting 11 No. 732 Utilities Expense Balance Date Credit Explanation Ref Debit May 31 Balance