Ledger
Adjusted Trial Balance
Income Statement
Retained Earnings Statement
Balance Sheet
Liabilities & Stockholders' Equity
Tamarisk, Inc. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $3,780 126 Supplies 2,252 130 Prepaid Insurance 2,592 140 Land 12.960 141 64,800 149 15,360 Buildings Equipment Notes Payable Accounts Payable 200 $43,200 201 12,080 208 Unearned Rent Revenue 3,564 311 Common Stock 37,800 429 10,284 610 648 Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 726 3,564 732 972 $106,928 $106,928 In addition to those accounts listed on the trial balance, the chart of accounts for Tamarisk, Inc. 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. 3. 4. 5. Prepaid insurance is a 1-year policy starting May 1, 2022. A count of supplies shows $810 of unused supplies on May 31. Annual depreciation is $3,240 on the buildings and $1.536 on equipment. 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.) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $885 are unpaid and unrecorded at May 31. 6. No. Date Account Titles and Explanation Debit Credit 1. May 31 2. . May 31 3. May 31 4. May 31 5. . May 31 6. May 31 No. 101 Cash Date May 31 Explanation Ref Debit Credit Balance Balance Supplies Date May 31 No. 126 Balance Ref Debit Credit Explanation Balance V J1 May 31 Adjusting Prepaid Insurance Explanation May 31 Balance No. 130 Balance Date Ref Debit Credit May 31 Adjusting 31 No. 140 Balance Explanation Ref Debit Credit Land Date May 31 Buildings Date Balance No. 141 Balance Ref Debit Credit Explanation Balance May 31 No. 142 Accumulated Depreciation- Buildings Date Explanation Ref Debit Credit Balance 1 No. 149 Balance Ref Debit Credit No. 150 Ref Debit Credit Balance May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation- Equipment Date Explanation May 31 Adjusting Notes Payable Date Explanation May 31 Balance Accounts Payable Explanation May 31 Balance J1 No. 200 Ref Debit Credit Balance No. 201 Balance Date Ref Debit Credit Unearned Rent Revenue No. 208 No. 610 Ref Debit Credit Balance Advertising Expense Date Explanation May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting No. 619 Ref Debit Credit Balance J1 No. 631 Supplies Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 No. 718 Interest Expense Date Explanation May 31 Adjusting Ref Debit Credit Balance 31 No. 722 Ref Debit Credit Balance J1 Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No. 726 Ref Debit Credit Balance No. 722 Insurance Expense Date Explanation May 31 Adjusting Ref Debit Credit Balance J1 No. 726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance May 31 Balance J1 May 31 Adjusting Utilities Expense Date Explanation No. 732 Ref Debit Credit Balance May 31 Balance Tamarisk, Inc. Adjusted Trial Balance Debit Credit Tamarisk, Inc. Income Statement $ Prepare a retained earnings statement for the month of May 31. Tamarisk, Inc. Retained Earnings Statement $ vi $ Tamarisk, Inc. Balance Sheet Assets $ $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $ e Textbook and Media
