ment on May 31 is as follows. propare adjuated trial ba fintheiaf ifasomentie. In addition to those acoounts listed on the trial balance, the churr of accounts for Laxy River Resort also contains the following accounts and sccount numbers: No, 142 Accumulated Deprociation-Beildings, Na. 150 Accomulated Depreciation-Equipencent, No. 212 Salaries and Wages Payable, No, 230 interest Payable, Na. 619 Depreciation Expenue, Na. 631 Supplies Expense, Na. 718 interes Expense, and Na. 722 lnearance Expense: Other data 1. Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A count of supplies shows 750 of unased supplies on May 31. 3. Annual depreciation is 3,600 on the buildings and 1,500 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Two-thirds of the unearned rent revenue is recognized as revenuc. 6. Salaries of 750 are accrued and unpaid at May 31. 52 CHAPTER 3 Adjusting the Accounts Instructions a. Journalize the adjusting entries on May 31. b. Prepare a ledger using the three-column form of account. Enter the trial balance amounts an the adjusting entries. (Use JI as the posting refarence) c. Adj, trial batance 101,055 d. Net income 4,795 c. Prepare an adjusied trial balance on May 31 . Ending retained earnings 63,795 d. Prepare an income statement and a retained earnings statement for the month of May and a Total assets 691,925 ment of financial position at May 31