The Cheyenne Corp.opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Cheyenne Corp. Trial Balance May 31, 2019 Account Number Debit Credit 101 Cash $3,500 126 2,000 Supplies Prepaid Insurance 130 2,400 140 Land 14,000 141 Buildings 61,600 149 Equipment 14,900 201 Accounts Payable $ 11,300 20 Unearned Rent Revenue 3,200 275 Mortgage Payable 40,000 311 Common Stock 35,300 429 400 Rent RADU RI to search O 2 311 Common Stock 35,300 429 Rent Revenue 13,400 610 Advertising Expense 650 726 Salaries and Wages Expense 3,200 732 Utilities Expense 950 $103,200 $103,200 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: 1. 2. Prepaid insurance is a 1-year policy starting May 1, 2019. A count of supplies shows $ 700 of unused supplies on May 31. Annual depreciation is $3,084 on the buildings and $1,488 on equipment. 3. 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. ere to search Question 14 of 14 0.34 Other data: 1. 2. 3. Prepaid insurance is a 1-year policy starting May 1, 2019. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $3,084 on the buildings and $1,488 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, Salaries of $800 are accrued and unpaid at May 31. 6. Question 14 of 14 0.34/2 No. Date Account Titles and Explanation Debit Credit 1. May 31 Insurance Expense 200 Prepaid Insurance 200 2. May 31 Supplies Expense 1,300 Supplies 1,300 3. May 31 Depreciation Expense 381 Accumulated Depreciation Equipment 124 Accumulated Depreciation-Buildings 257 4. May 31 Interest Expense 400 Interest Payable 400 5. May 31 Unearned Rent Revenue 2.133 Interest Payable 400 5. May 31 Unearned Rent Revenue 2,133 Rent Revenue 2.133 6. May 31 Salaries and Wages Expense 800 Salaries and Wages Payable 800 e Textbook and Media List of Accounts 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 decimal places, eg. 5,275.) No. 101 Ref Debit Credit Balance No. 126 Balance Ref Debit Credit Cash Date Explanation May 31 Balance Supplies Date Explanation May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance 31 No. 130 Ref Debit Credit Balance May 31 Adjusting 31 Land No. 140 No. 140 Ref Debit Credit Balance No. 141 Ref Debit Credit Balance 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 No. 142 Ref Debit Credit alance 31 No. 149 Balance Ref Debit Credit No. 150 Fynlamation Ref Debit Credit Balance No. 150 Ref Debit Credit Balance Accumulated Depreciation- Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation J1 No. 201 Ref Debit Credit Balance No. 208 Ref Debit Credit Balance 31 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 No. 212 Ref Debit Credit Balance 31 No. 230 Ref Debit Credit Balance No. 230 Ref Debit Credit Balance J1 No. 275 Ref Debit Credit Balance No. 311 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 May 31 Adjusting Advertising Expense Ref Debit Credit Balance No. 429 Ref Debit Credit Balance 31 No. 610 INO. 10 Auverusmg Expense Date Explanation May 31 Balance Ref Debit Credit Balance No. 619 Ref Debit Credit Balance Ji No. 631 Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Interest Expense Date Explanation May 31 Adjusting Ref Debit Credit Balance J1 No. 718 Balance Ref Debit Credit 31 No. 722 Insurance Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting J1 No. 722 Ref Debit Credit Balance J1 No. 726 Ref Debit 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 Credit Balance 31 No. 732 Ref Debit Credit Balance e Textbook and Media List of Accounts Sare for at Attempts: unlimited Submit