Prepare a ledger using the three column form of account. enter the trial balance amounts into the balance column and then post the adjusting entries. Use chart below
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Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journat entries posted in the previous part of the question) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Payable } & \multirow{2}{*}{\begin{tabular}{l} No. 230 \\ Balance \end{tabular}} \\ \hline Date & Explanation & Ref & Debit & Credit & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & No. 311 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & 31500 & 31500 \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Batance & & & & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{4}{|c|}{ Advertising Expense } & & No. 610 \\ \hline Date & Explanation & Ref & Debit & Credit & \multirow[t]{2}{*}{ Balance } \\ \hline May 31 & Bolance & & & & \\ \hline \multicolumn{4}{|c|}{ Depreclation Expense } & & No. 619 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & 810 & & 810 \\ \hline \end{tabular} The Sheridan Company opened for business on May 1,2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan Company also contains the following accounts and account numbers: No. 142 Accumulated Deprectation-Bulldings, No. 150 Accumutated Depreciation-Equlpment, 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. Otherdata: 1. Prepaid insurance is a 1-year policy starting May 1,2022 2. A count of supolies shews $675 of unused supplies on Mav 31. 3. Annual depreciation is $2.700 on the bulidings and $1.320 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 vears) 5. Two-thirds of the unearned rent revenue has been eamed. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31. Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journat entries posted in the previous part of the question) \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Payable } & \multirow{2}{*}{\begin{tabular}{l} No. 230 \\ Balance \end{tabular}} \\ \hline Date & Explanation & Ref & Debit & Credit & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Common Stock } & No. 311 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & 31500 & 31500 \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Batance & & & & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{4}{|c|}{ Advertising Expense } & & No. 610 \\ \hline Date & Explanation & Ref & Debit & Credit & \multirow[t]{2}{*}{ Balance } \\ \hline May 31 & Bolance & & & & \\ \hline \multicolumn{4}{|c|}{ Depreclation Expense } & & No. 619 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & 31 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref & Debit & Credit & Balance \\ \hline May 31 & Balance & & 810 & & 810 \\ \hline \end{tabular} The Sheridan Company opened for business on May 1,2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan Company also contains the following accounts and account numbers: No. 142 Accumulated Deprectation-Bulldings, No. 150 Accumutated Depreciation-Equlpment, 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. Otherdata: 1. Prepaid insurance is a 1-year policy starting May 1,2022 2. A count of supolies shews $675 of unused supplies on Mav 31. 3. Annual depreciation is $2.700 on the bulidings and $1.320 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 vears) 5. Two-thirds of the unearned rent revenue has been eamed. 6. Salaries and wages of $885 are unpaid and unrecorded at May 31
