Insurance expires at the rate of $$300$ per month.

A count of supplies shows $$1,070$ of unused supplies on May $31.$

Annual depreciation is $$2,880$ on the building and $$2,280$ on equipment.

The notes payable interest rate is $5\%.($The note was taken out on May $1$ and has a $1-$year life. Interest and principal are to be

repaid at the maturity of the note.$)$

Unearned rent of $$2,690$ has been earned.

Salaries of $$690$ are accrued and unpaid at May $31.$

Journalize the adjusting entries on May $31.($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the

account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent

manually.$)$

No$.$ Account Titles and Explanation

Question $7$ of $7$