The Marigold Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Marigold Corp. Trial Balance May 31, 2022 Credit Account Number 101 126 Debit $2.940 1.748 2,016 10,080 50,400 12.480 130 140 141 149 200 201 20B 311 429 610 726 732 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 $ 33,600 9,392 2.772 29.400 8,532 504 2.772 756 $83,696 $83.696 In addition to those accounts listed on the trial balance, the chart of accounts for Marigold 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 3. Prepaid insurance is a 1-year policy starting May 1, 2022. A count of supplies shows $630 of unused supplies on May 31. Annual depreciation is $2,520 on the buildings and $1,248 on equipment. 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.) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $885 are unpaid and unrecorded at May 31 5. 6. 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 Ofor the amounts.) Question 4 of 4 -/2.5 E Debit Credit No. Date Account Titles and Explanation 1. May 31 I May 2. 31 3. May 31 4. May 31 May 31 6. May 31 No. 101 Balance Ref Debit Credit 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 J1 No. 130 Ref Debit Credit Balance May 31 31 No. 140 Balance Ref Debit Credit Adjusting Land Date Explanation May 31 Balance Buildings Date Explanation May 31 Balance Accumulated Depreciation- Buildings Date Explanation May 31 Adjusting No. 141 Balance Ref Debit Credit No. 142 Ref Debit Credit Balance 31 - 12.5 Question 4 of 4