Question
Problem 3-2A (Part Level Submission) The Bramble Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as
Problem 3-2A (Part Level Submission) 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 850 $98,900 $98,900 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 DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, 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 on May 1, 2019. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $2,952 on the buildings and $1,488 on equipment. 4. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries of $800 are accrued and unpaid on May 31. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g., 5,275.) No. Date Account Titles and Explanation Debit Credit 1. May 31 Entry field with correct answer Insurance Expense Entry field with correct answer $200 Entry field with correct answer Entry field with correct answer Prepaid Insurance Entry field with correct answer Entry field with correct answer $200 2. May 31 Entry field with correct answer Supplies Expense Entry field with correct answer $1,400 Entry field with correct answer Entry field with correct answer Supplies Entry field with correct answer Entry field with correct answer $1,400 3. May 31 Entry field with correct answer Depreciation Expense Entry field with incorrect answer now contains modified data $4,440 Entry field with correct answer Entry field with correct answer Accumulated Depreciation-Buildings Entry field with correct answer Entry field with incorrect answer now contains modified data $2,952 Entry field with correct answer Accumulated Depreciation-Equipment Entry field with correct answer Entry field with incorrect answer now contains modified data $1,488 4. May 31 Entry field with correct answer Interest Expense Entry field with correct answer $400 Entry field with correct answer Entry field with correct answer Interest Payable Entry field with correct answer Entry field with correct answer $400 5. May 31 Entry field with correct answer Unearned Rent Revenue Entry field with correct answer $2,200 Entry field with correct answer Entry field with correct answer Rent Revenue Entry field with correct answer Entry field with correct answer $2,200 6. May 31 Entry field with correct answer Salaries and Wages Expense Entry field with correct answer $800 Entry field with correct answer Entry field with correct answer Salaries and Wages Payable Entry field with correct answer Entry field with correct answer $800 Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used SAVE FOR LATER SUBMIT ANSWER Expand question part (b) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (c) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d1) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d2) The parts of this question must be completed in order. This part will be available when you complete the part above. Expand question part (d3) The parts of this question must be completed in order. This part will be available when you complete the part above.
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