Question $2$ of $2$

$-125$

The Cheyenne Corp. opened for business on May $1,2022.$ Its trial balance before adjustment on May $31$ is as follows.

$\backslash$table$[[,\backslash$table$[[$Cheyenne Corp.$],[$Trial Balance$],[$May $31,2022]],,],[$Account Number,,Debit,Credit$],[101,$Cash,$$3,990,],[126,$Supplies,$2,378,],[130,$Prepaid Insurance,$2,736,],[140,$Land,$13,680,],[141,$Buildings,$68,400,],[149,$Equipment,$16,080,],[200,$Notes Payable,As$,$$$45,600],[201,$Accounts Payable,,$12,752],[208,$Unearned Rent Revenue,,$3,762],[311,$Common Stock,,$39,900],[429,$Rent Revenue,,$10,722],[610,$Advertising Expense,$684,],[726,$Salaries and Wages Expense,$3,762,],[732,$Utilities Expense,$1,026,],[,,$$$112,736,$$$112,736]]$

In addition to those accounts listed on the trial balance, the chart of accounts for Cheyenne 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:

Prepaid insurance is a $1-$year policy starting May $1,2022.$

A count of supplies shows $$855$ of unused supplies on May $31.$

Annual depreciation is $$3,420$ on the buildings and $$1,608$ on equipment.

The note payable annual interest rate is $12\%.($The note was taken out on May $1$ and will be repaid along with interest in $2$

years.$)$

Two$-$thirds of the unearned rent revenue has be$$ earned.

Salaries and wages of $$885$ are unpaid and unrecorded at May $31.$

In addition to those accounts listed on the trial balance, the chart of accounts for Cheyenne 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:

Prepaid insurance is a $1-$year policy starting May $1,2022.$

A count of supplies shows $$855$ of unused supplies on May $31.$

Annual depreciation is $$3,420$ on the buildings and $$1,608$ on equipment.

The note payable annual interest rate is $12\%.($The note was taken out on May $1$ and will be repaid along with interest in $2$

years.$)$

Two$-$thirds of the unearned rent revenue has beeth earned.

Salaries and wages of $$885$ are unpaid and unrecorded at May $31.$

$($a$)$

Journalize the adjusting entries on May $31.($Credit account titles are automatically indented when the amount is entered. Do not indent

manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

No$.$ Date Account Titles and Explanation $3$

N$.$

$1-1$

E$.$

Neline

$-$

Stmelicestermost

$+$

Mian

Qi$.$

$=$