Question 4 of 4 1.66 / 4 Your Answer Correct Answer 2 Your answer is partially correct. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post sthe adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question. Round answers to decimal places, eg. 5,275.) No. 101 Balance Debit Credit Ref Ref Debit No. 126 Balance Credit Cash Date Explanation May 31 Balance Supplies Date Explanation May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance 11 No. 130 Balance Ref Debit Credit J1 Ref Debit Credit No. 140 Balance V No. 141 Balance Ref Debit Credit No. 142 Balance Debit Credit Ref 11 Debit Credit No. 149 Balance Ref No. 150 Ref Debit Credit Balance 11 No. 201 Balance Ref Debit Credit May 31 Adjusting Land Date Explanation May 31 Balance Buildings Date Explanation May 31 Balance Accumulated Depreciation- Buildings Date Explanation May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation- Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation May 31 Balance Unearned Rent Revenue Date Explanation May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation May 31 Adjusting Interest Payable Date Explanation May 31 Adjusting Mortgage Payable Date Explanation May 31 Balance Common Stock Date Explanation May 31 Balance Rent Revenue Date Explanation May 31 Balance Debit Credit No. 208 Balance Ref 31 No. 212 Balance Ref Debit Credit 31 No. 230 Balance Ref Debit Credit J1 No. 275 Balance Debit Credit Ref No. 311 Balance Ref Debit Credit No. 429 Balance Debit Credit Ref 11 Date Ref Debit Credit No. 610 Balance Ref Debit No. 619 Balance Credit 31 No. 631 Balance Ref Debit Credit May 31 Adjusting Advertising Expense Explanation May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Interest Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance J1 No. 718 Balance Ref Debit Credit 31 No. 722 Balance Ref Debit Credit Debit No. 726 Balance Credit Ref V 11 May 31 Adjusting Utilities Expense Date Explanation May 31 Balance No. 732 Balance Debit Credit Ref Question 4 of 4 1.66 /4 Your Answer Correct Answer 3 Your answer is partially correct. Prepare an adjusted trial balance on May 31. (Round answers to decimal places, e.g. 5,275.) Oriole Company Adjusted Trial Balance May 31, 2020 Debit Credit Cash $ 3600 $ Supplies 800 Prepaid Insurance 2750 Land 12,000 Buildings 62400 Equipment 15,400 Accounts Payable 11700 Unearned Rent Revenue 1000 Mortgage Payable 40,000 Common Stock 36,000 Rent Revenue 14500 Advertising Expense 600 Salaries and Wages Expense 4100 Utilities Expense 850 Accumulated Depreciation-Buildings 3120 Accumulated Depreciation Equipment 1536 Salaries and Wages Payable 800 Interest Payable 400 Depreciation Expense 4656 Supplies Expense 1250 Interest Expense 400 Insurance Expense 250 Totals 109056 109056 Your Answer Correct Answer * Your answer is incorrect. 4 Prepare an income statement for the month of May 31. (Round answers to decimal places, e.g. 5,275.) Oriole Company Income Statement May 31, 2020 $ $ 1.66 /4 6 Your Answer Correct Answer x Your answer is incorrect. Prepare a balance sheet at May 31. (List Assets in order of liquidity. List Property, plant and equipment in order of land, buildings and equipment. Round answers to decimal places, eg. 5,275.) Oriole Company Balance Sheet Assets Liabilities and Stockholders' Equity > $
