Current Attempt in Progress The Blue Spruce Corp.opened for business on May 1, 2022. Its trial balance before adjustment on Blue Spruce Corp Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 4,200 126 Supplies 2,504 130 Prepaid Insurance 2.880 140 Land 14.400 141 Buildings 72,000 149 Equipment 16,800 200 Notes Payable $48,000 201 Accounts Payable 13.424 208 Unearned Rent Revenue 3.960 311 Common Stock 42.000 429 Rent Revenue 11.160 610 Advertising Expense 720 726 Salaries and Wages Expense 3.960 732 Utilities Expense 1,080 $118.544 $118,544 MBE Question 6 of 6 - 4 In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce 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, 2022 A count of supplies shows $900 of unused supplies on May 31 2. 3. Annual depreciation is $3,600 on the buildings and $1,680 on equipment 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31 (a) Journalize the adjusting entries on May 31 (Credit account titles are automatically indented when the amount is entered Do not indent manually.) Credit Debit No. Date Account Titles and Explanation 1. May 31