May 31, 2012 Debit 4300 10 300 Credit 500 1 700 27 400 $ 1400 53 900 34 500 18 700 14 700 Account Cash s Notes receivable Interest receivable Supplies Prepaid insurance Fumiture Acc.dep.furniture - Building Acc.dep:building Land Accounts payable Interest payable Salary payable Uneraned service revenue Notes payable Capital stock Retained earnings Dividends Service revenue Interest revenue Dep. expense:furniture Dep. Expense:building Salary expense Insurance expense Interest expense Utilities expense Advertising expense Supplies expense Total T L 8 800 19 700 29 900 3 800) 16 900 T 2 100 1 100 1000 424 800 .... 94 800 Additional data at May 21, 2010 a.Depreciation: furniture, 500: building. 400, b.Accrued salary empense. 600. Insurance expense Interest expense Utilities expense Advertising expense Supplies expense 1 100 1 000 Total 124 800 124 800 Additional data at May 31, 2010 a.Depreciation: furniture, 500; building, 400. b.Accrued salary expense, 600. 3 c. Supplies on hand, 400. d.Prepaid insurance expired, 300. e.Accrued interest expense, 200. 1 f.Unearned service revenue earned during May, 4400. 2 g.Accrued advertising expense, 100. (credit accounts payable) 3 h.Accrued interest revenue, 200. 5 Required: -6 1- Journalise the adjusting entries relating the information given above 17 2. Prepare an adjusted trial balance for Lane's Interiors, Inc. 18 3- Prepare the income Statement for Lane's Interiors, Inc. For the month ended May 31 49 4. Prepare the Statement of Retained Earnings for Lane's Interiors, Inc. For the month ended May 31 50 5. Prepare the Balance Sheet for Lane's Interiors, Inc. For the month ended May 31