In addition to those accounts listed on the trial balance, the chart of accounts for Concord Corporation 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. 2. Prepaid insurance is a 1-year policy starting May 1, 2019. A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $2,940 on the buildings and $1,560 on equipment. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) 3. 4, 5. Two-thirds of the unearned rent revenue has been earned 6. Salaries of $700 are accrued and unpaid at May 31. No. Date Account Titles and Explanation Credit 1. May 31 Insurance Expense 150 Prepaid Insurance 150 2. May 31 Supplies Expense 1350 Supplies 1350 3. May 31 Depreciation Expense 375 Accumulated Depreclation-Buildings 245 Accumulated Depreclation-Equipment 130 4. May 31Interest Expense 400 Interest Payable 5. May 31 Unearned Rent Revenue 2267 Rent Revenue 2267 6. May 31 Salaries and Wages Expense 700 Salaries and Wages Payable Your answer is correct. 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. Round answers to o decimal places, e.g. 5,275.) Cash No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance 3500 Supplies No. 126 Date Explanation Ref Debit Credit Balance May 31 May 31 Prepaid Insurance Balance 2150 Adjusting J1 1350 800 No. 130 Date Explanation Ref Debit Credit Balance May 31 May 31 Land Balance 1800 1650 No. 140 Adjusting J1 150 Date Explanation Ref Debit Credit Balance May 31 Balance 12000 Buildings No. 141 Buildings No. 141 Date Explanation Ref Debit Credit Balance May 31 Balance 58800 ings No. 142 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 245 245 Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance 15600 ccumulated No. 150 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 130 130 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance May 31 Balance 11900 Unearned Rent Revenue No. 208 Date Explanation Ref Debit Credit Balance May 31 Balance 3400 May 31 Adjusting J1 2267 1133 Salaries and Wages Payable No. 212 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 700 700 Interest Payable No. 230 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 400 400 Mortgage Payable No. 275 Date Explanation Ref Debit Credit Balance May 31 Balance 40000 Common Stock No. 311 Date Explanation Ref Debit Credit Balance May 31 Balance 35700 Rent Revenue No. 429 Date Explanation Ref Debit Credit Balance May 31 Balance 7550 May 31 Adjusting J1 2267 9817 No. 610 Date Explanation Ref Debit Credit Balance May 31 Balance 650 No. 619 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 375 375 Supplies Expense No. 631 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 1350 1350 Interest Expense No. 718 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 400 400 Insurance Expense No. 722 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 150 150 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance May 31 May 31 Utilities Expense Balance 3200 Adjusting J1 700 3900 No. 732 Date Explanation Ref Debit Credit Balance May 31 Balance 850 (c) Prepare an adjusted trial balance on May 31. (Round answers to O decimal places, e.g. 5,275.) Concord Corporation Adjusted Trial Balance Debit Credit Totals