only part A needs to be answred
Problems 3-55 Other data: 1. $900 of supplies have been used during the month. 2. Utilities expense incurred but not paid on May 31, 2022, $250 3. An insurance policy for 2 years was purchased on May 1 4. $100 of the balance in the uncarned service revenue account remains uneared at the end of the month 5. May 31 is a Wednesday, and employees are paid on Fridays Krause Consulting has two employees who are paid $920 each for a 5-day work week 6. The office furniture has a 5-year life with no salvage value. It is being depreciated at $190 per month for 60 months 7. Invoices representing $1,700 of services performed during the month have not been recorded as of May 31 Instructions a. Prepare the adjusting entries for the month of May. Use J4 as the page number for your journal b. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column. Post the adjusting entries to the ledger accounts. c. Prepare an adjusted trial balance at May 31, 2022, Adj trial balance 537.944 Problems 3.55 Other data 1. $900 of supplies have been used during the month 2. Utilities expense incurred but not paid on May 31, 2032.5250 3. An insurance policy for 2 years was purchased on May 1 4. $400 of the balance in the manne wivice revente Account remains uncated at the end of the month 5. May 31 is a Wednesday, and employees are paid on Fridays Kruus Consulting has two employees who are paid $920 each for a day work week 6. The office furniture has a year life with no salvage value. It is being depreciated at si per month for 6 months 7. Invales representing $1,700 of services performed during the month have not been recorded as or May 31 Instructions 2. Prepare the adjusting entries for the month of May. Use as the page number for your journal b. Enter the totals from the trial balance as beginning account balances and place a check mark in the posting reference column Port the adjusting entries to the leder account c. Prepare an adjusted trial balance at May 31, 2023 23.2LO 2, 3, 4), AP Financial Statement Hank's Hotel opened for business on May 1, 2022. Istrial balance before adjustment on May is as follows Adj trial stance 574 Prepare and hallanand GLS Hank's Hotel Trial Balance May 31, 2022 Credit Debit $ 1400 2.000 2.400 12.00 DO 15.000 Account Number 101 126 130 140 141 149 200 201 204 301 429 610 726 712 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Uncamed Rent Revenue Owner's Capital Rent Revenue Advertising Experie Salaries and Wages Expense Utilities Expense S40, 4.700 3.10 41.350 10.100 100 100 599,60 599.00 In addition to those accounts listed on the trial balance, the chart of accounts for Hank Hotel also contains the following accounts and account number No. 14. Accumulated Depreciation--Huildings, No 150 Accumulated Depreciation --quipment. No 212 Salaries and Wages Payable, No 230 Interest Payablo, No. 619 Depreciation Expense, No 631 Supplies Expense, No 718 Interest Expense, and No 722 Insurance Expense Other data: 1. Prepaid insurance is a 1 year policy starting May 1, 2022 2. A count of supplies shows $750 of unused supplies on May 1 3. Annual depreciation is $3.600 on the buildings and 51.500 on equipment 4. The note payable interest rate is on (The note was taken out on May and will be repait along with interest in 1 year) 5. Two-thirds of the unearned rent revenue has been earned 6. Salaries and wages of 5750 are unpaid and unrecorded at May 1
