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everything is posted as instruted No. Date Account Titles and Explanation Debit Credit 1. May Insurance Expense 250 Prepsid Insurance 2. May Supplies Expense Supplies
everything is posted as instruted
No. Date Account Titles and Explanation Debit Credit 1. May Insurance Expense 250 Prepsid Insurance 2. May Supplies Expense Supplies 3. May Depreciation Expense Accumulated Depreciation-Builing: Accumulated Depreciation-Equipment 4. 31 Interest Expense 200 Interest Pivable Accumulated Depreciation-Equipment 4. 31 Interest Experise Interest Payable 5. May Unearned Rent Revenue Rent Revenue 6. May Salaries and Wages Expense Salaries and Wages Payable Rent Revenue No. 429 Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjustingentries. (Post entries in the order of journal entries posted in the previcus part of the questlon.) PHAROAH'S HOTEL. Trial Balance May 31, 2022 \begin{tabular}{|c|c|c|c|} \hline Account Number & & Debit & Credit \\ \hline 101 & Cash & $3,600 & \\ \hline 126 & Supplies & 2,050 & \\ \hline 130 & Prepaid Insurance & 3,000 & \\ \hline 140 & Land & 13,000 & \\ \hline 141 & Buildings & 61,800 & \\ \hline 149 & Equipment & 14,400 & \\ \hline 200 & Notes Payable & & $40,000 \\ \hline 201 & Accounts Payable & & 4,900 \\ \hline 208 & Unearned Rent Revenue & & 3,000 \\ \hline 301 & Owner's Capital & & 41,200 \\ \hline 429 & Rent Revenue & & 13,500 \\ \hline 610 & Advertising Expense & 650 & \\ \hline 726 & Salaries and Wages Expense & 3,200 & \\ \hline 732 & Utilities Expense & 900 & \\ \hline & & $102,600 & $102,600 \\ \hline \end{tabular} Step by Step Solution
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