Problem 3-02A 2-cd1.d3 (Video) (Part Level Submission) The Sheffield Corp. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows Sheffield Corp. Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $3,500 126 Supplies 2,000 130 Prepaid Insurance 1,800 140 Land 12,000 Buildings 60,200 149 Equipment 15.100 201 Accounts Payable $ 11,300 208 Uneamed Rent Revenue 3,200 275 Mortgage Payable 40.000 311 Common Stock 35,000 429 Rent Revenue 10.100 610 Advertising Expense 650 726 Salaries and Wages Expense 3,400 732 Utilities Expense 950 599,600 $99.600 141 In addition to those accounts listed on the trial balance, the chart of accounts for Sheffield Corp. also contains the following accounts and account numbers No. 142. Accumulated Depreciation Buildings. No. 150 Accumulated Depredation Equipment. No. 212 Salaries and Wages Payable. No 280 interest Payable, No 619 Depreciation Expense No. 61 Suposen, No. Interest Financial Managerial Accounting (AC-152 & ACC-13 Assignment Gradebook ORION Downloadable Textbook CALCULATOR MESSAGE HY INSTRUCTOR FULL SCREEN PRATERVENUTO BACK NEXT $99,600 $99,600 In addition to those accounts listed on the trial balance, the chart of accounts for Sheffield 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: 1. Prepaid Insurance is a 1-year policy starting May 1, 2020, 2 A count of supplies shows $800 of unused supplies on May 31 3. Annual depreciation is $3,012 on the buildings and $1,512 on equipment 4 The mortgage Interest rate is 12% (The mortgage was taken out on May 1) 5. Two-thirds of the neared rent revenue has been earned. Salaries of $800 are accrued and unpaid at May 31. (a) Joumalize the adjusting entries on May 31 (Credit sccount crees are automatically indented when the amount le entered. Do not Indent manually mound answers to decimal aces, 1.9. 5,275.) No. Date Account Titles and Explanation Credit 1 May 31 Debt 2 May 31 SI 0.2000-20250, Inc. All Rent A Division on We 2011 CALCULATOR MESSAGE MY INSTRUCTOR Y LO SAINT wwwwwwwwwwwww RCES e.g. 5,275.) die No. Date Account Titles and Explanation avel Debit Credit 1. May 31 Study 2. May 31 3. May 31 4. May 31 5. May 31 6 May 31