The Larkspur, Inc. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 200 201 208 311 429 610 726 732 Cash Larkspur, Inc. Trial Balance May 31, 2022 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 Debit $3,290 1,958 2,256 11,280 56,400 13,680 564 3,102 846 $93,376 Credit $37,600 10,512 3,102 32,900 9,262 $93,376 K

The Larkspur, Inc. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Larkspur, 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 2-year policy starting May 1, 2022 2. A count of supplies shows $705 of unused supplies on May 31. 3. Annual depreciation is $2.820 on the buildings and $1,368 on equipment. A. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid afong with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned 6. Salaries and wages of \$885 are unpaid and unrecorded at May 31. Journalize the adjusting entries on May 32. (Credit occount 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 O for the amounts.)