The Blue Spruce Corp.opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Blue Spruce Corp Trial Balance May 31, 2022 Credit Account Number 101 126 130 140 141 149 200 201 208 311 429 610 726 Debit $4,200 2.504 2,880 14,400 72.000 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 48,000 13,424 3.960 42.000 11,160 732 720 3,960 1,080 $118,544 $118,544 In addition to those accounts listed on the trial balance, the chart of accounts for Blue Spruce 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: 1. Prepaid insurance is a 1-year policy starting May 1, 2022. A count of supplies shows $900 of unused supplies on May 31. 3. Annual depreciation is $3,600 on the buildings and $1,680 on equipment 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years) 5. Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $885 are unpaid and unrecorded at May 31 2 6. Journalize the adjusting entries on May 31 (Credit account titles are automatically indented when the amount is entered Do not Indent manually. I no entry is required, select "No Entry"for the account titles and enter for the amounts:) No. Date Account Titles and Explanation Debit May Credit 1 31 2 May 31 3. May 31 May 4 31 5 May 31 May 31 e Textbook and Media List of Accounts No. 101 Ref Debit Credit Balance Cash Date Explanation Balance Supplies Date Explanation May 31 No. 126 Debit Credit Balance Ref May 31 Balance 31 No. 130 Ref Debit Credit Balance 31 No. 140 Balance Ref Debit Credit No. 141 Ref Debit Credit Balance No. 142 Balance Debit Credit Ref JI May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance 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 Notes Payable Date Explanation May 31 Balance Accounts Payable Date Explanation Hay 31 Balance Unearned Rent Revenue Date Explanation May 31 Balance Ref Debit No. 149 Balance Credit No. 150 Debit Credit Balance Ref 31 Ref Debit Credit No 200 Balance Ref Debit Credit No. 201 Balance No. 200 Balance Rer Debit Credit MM No. 212 Ref Debit Credit Balance 1 No. 230 Ref Debit Credit Balance Salaries and Wages Payable Date Explanation May 31 Adjusting Interest Payable Date Explanation May 31 Adjusting Common Stock Date Explanation May 31 Balance Rent Revenue Date Explanation May 31 Balance 31 No. 311 Ref Debit Credit Balance Ref No 429 Balance Debit Credit 31 No. 610 Ref Debit Credit Balance Debit Ref 31 Credit No. 619 Balance No. 631 Ref 31 Debit Credit Balance Rer May 31 Adjusting Advertising Expense Date 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 May 31 Adjusting Utilities Expense Date Explanation May 31 Balance Debit Credit No. 218 Balance 31 Ref Debit Credit No. 722 Balance JI No. 726 Debit Ref Credit Balance Ji No. 732 Ref Debit Credit Balance