Problem 3-2A (Part Level Submission) The Metlock, Inc. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Metlock, Inc. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $ 3,600 126 Supplies 2,150 130 Prepaid Insurance 1,800 140 Land 15,000 141 Buildings 61,200 149 Equipment 15,600 201 Accounts Payable $ 11,000 208 Unearned Rent Revenue 3,200 275 Mortgage Payable 40,000 311 Common Stock 35,300 429 Rent Revenue 14,600 610 Advertising Expense 550 726 Salaries and Wages Expense 3,300 732 Utilities Expense 900 $104,100 $104,100 In addition to those accounts listed on the trial balance, the chart of accounts for Metlock, Inc. 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, 2019. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,060 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 $800 are accrued and unpaid at May 31. 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 O decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit 1 May 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31