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please help me do the adjusted balance sheet The Bramble Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May
please help me do the adjusted balance sheet
The Bramble Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Bramble Corp Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 3,500 126 Supplies 2,100 130 Prepaid Insurance 2.400 140 Land 12,000 141 Buildings 59,100 149 Equipment 14,900 201 Accounts Payable $ 11,100 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 311 Common Stock 35,100 429 Rent Revenue 9,400 610 Advertising Expense 650 726 Salaries and Wages Expense 3,400 732 Utilities Expense $98,900 $98,900 850 In addition to those accounts listed on the trial balance, the chart of accounts for Bramble Corp. 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: ther data: 1. 2. 3. 4. Prepaid insurance is a 1-year policy starting May 1, 2019. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $2,952 on the buildings and $1,488 on equipment. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $800 are accrued and unpaid at May 31. 5. 6. Cash No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance 3,500 Supplies Date No. 126 Balance Explanation Ref Debit Credit May 31 Balance 2,100 J1 1,400 700 No. 130 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance Ref Debit Credit Balance 2,400 May 31 Adjusting J1 200 2,200 Land Date No. 140 Balance Explanation Ref Debit Credit May 31 Balance 12,000 Buildings Date Explanation No. 141 Balance Ref Debit Credit May 31 Balance 59,100 Accumulated Depreciation Buildings Date Explanation No. 142 Ref Debit Credit Balance May 31 Adjusting 31 246 246 No. 149 Equipment Date Explanation Ref Debit Credit Balance 14,900 No. 150 Balance Debit Credit 124 124 May 31 Balance Accumulated Depreciation Equipment Date Explanation Ref May 31 Adjusting J1 Accounts Payable Date Explanation Ref May 31 Balance Unearned Rent Revenue Date Explanation Ref May 31 Balance No. 201 Balance Debit Credit 11,100 No. 208 Balance Debit Credit 3,300 J1 2,200 1,100 No. 212 Balance Ref Debit Credit May 31 J1 800 800 May 31 Adjusting Salaries and Wages Payable Date Explanation Adjusting Interest Payable Date Explanation May 31 Adjusting Mortgage Payable Date Explanation May 31 Balance No. 230 Balance Ref Debit Credit Credit J1 400 400 No. 275 Balance Ref Debit Credit 40,000 Common Stock Date Explanation No. 311 Balance Ref Debit Credit May 31 Balance V 9,400 May 31 Adjusting J1 2,200 11,600 Advertising Expense Date Explanation No. 610 Balance Ref Debit Credit 650 No. 619 Balance Ref Debit Credit J1 370 370 No. 631 Balance Ref Debit Credit J1 1,400 May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Interest Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation 1,400 No. 718 Balance Ref Debit Credit J1 400 400 No. 722 Balance Ref Debit Credit J1 200 200 No. 726 Balance Ref Debit Credit May 31 Balance 3,400 J1 800 4,200 May 31 Adjusting Utilities Expense Date Explanation No. 732 Balance Ref Debit Credit May 31 Balance 850 Bramble Corp. Adjusted Trial Balance For the Month Ended May 31, 2019 Debit Credit Cash 3500 $ Supplies 700 Prepaid Insurance Step by Step Solution
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