Problem 3-2A (Part Level Submission) The Concord Corporation opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Concord Corporation Trial Balance May 31, 2019 Debit Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Credit Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $3,500 2,150 1,800 12,000 58,800 15,600 11,900 3,400 40,000 35,700 7,550 650 3,200 850 $98,550 $98,550 In addition to those accounts listed on the trial balance, the chart of accounts for Concord Corporation also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated In addition to those accounts listed on the trial balance, the chart of accounts for Concord Corporation 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. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense Other data 1. Prepald insurance is a 1-year policy starting May 1, 2019 2. A count of supplies shows $800 of unused supplies on May 31. 3. Annual cepreciation is $2,940 on the buildings and $1,560 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 $700 are accrued and unpaid 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 journal entries posted in the previous part of the question. Round answers to 0 decimal places, e.g. 5,275.) Cash No. 101 Date Explanation Ref Debit Credit Balance May 31 Balance Supplies No. 126 Date Explanation Ref Debit Credit Balance May 31 May 31 Prepaid I Balance Adjusting J1 No. 130 Date Explanation Ref Debit Credit Balance May 31 May 31 Land Balance Adjusting J1 No. 140 Date Explanation Ref Debit Credit Balance May 31 Balance Buildings No. 141 Date Explanation Ref Debit Credit Balance May 31 Balance ings No. 142 Equipment No. 149 Date Explanation Ref Debit Credit Balance May 31 Balance uipment No. 150 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance May 31 Balance Unearned Rent Revenue No. 208 DateExplanation Ref Debit Credit Balance May 31 May 31 Salaries and Wages Payable Balance Adjusting J1 No. 212 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Interest Payable No. 230 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Mortgage Payable No. 275 Mortgage Payable No. 275 Date Explanation Ref Debit Credit Balance May 31 Balance Common Stock No. 311 Date Explanation Ref Debit Credit Balance May 31 Balance Rent Revenue No. 429 Date Explanation Ref Debit Credit Balance May 31 Balance May 31 Adjusting J1 No. 610 Date Explanation Ref Debit Credit Balance May 31 Balance No. 619 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Supplies Expense No. 631 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Interest Expense No. 718 Interest Expense No. 718 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Insurance Expense No. 722 Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 Salaries and Wages Expense No. 726 Date Explanation Ref Debit Credit Balance May 31 May 31 Utilities Expense Balance Adjusting J1 No. 732 Date Explanation Ref Debit Credit Balance May 31 Balance