The Marigold Corp.opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Marigold Corp. Trial Balance May 31, 2020 Account Number Credit 101 126 Debit $3,600 2,050 3,000 15,000 59,400 15,200 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 11,700 3,300 40,000 35,600 12,600 429 610 726 732 650 3,400 900 $103,200 $103,200 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. Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A count of supplies shows $800 of unused supplies on May 31. 3. Annual depreciation is $2,976 on the buildings and $1,524 on equipment 4. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) 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. 6. Salaries of $800 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to O decimal places, e.g. 5,275.) No. Date Account Titles and Explanation 1. May 31 Debit Credit 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 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 0 decimal places, e.g. 5,275.) No. 101 Balance Ref Debit Credit Explanation Balance Cash Date May 31 Supplies Date May 31 No. 126 Balance Debit Credit Explanation Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance No. 130 Balance Debit Credit No. 140 Balance Debit Credit No. 10 Debit Credit Balance May 31 Adjusting Land Date Explanation Ref May 31 Balance Buildings Date Explanation Ref May 31 Balance Accumulated Depredation Buildings Date Explanation May 31 Adjusting Equipment Date Explanation May 31 Balance No. 142 Debit Credit Balance No. 149 Ret Debit Credit Balance Prepare an adjusted trial balance on May 31. (Round answers to 0 decimal places, e.g. 5,275.) Marigold Corp. Adjusted Trial Balance Debit Credit Prepare an income statement for the month of May 31 (Round answers to 0 decimal places, e.g. 5,275.) Marigold Corp. Income Statement Prepare an retained earnings statement for the month of May 31. (Round answers to 0 decimal places, e.g. 5,275.) Marigold Corp. Retained Earnings Statement eTextbook and Media List of Accounts 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 0 decimal places, c.8. 5,275.) Marigold Corp Balance Sheet Assets 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 0 decimal places, e.g. 5,275.) Marigold Corp. Balance Sheet Assets Liabilities and Stockholders' Equity