The Monty Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows.

Monty Corp. Trial Balance May 31, 2019
Account Number				Debit		Credit
101		Cash		$ 3,600
126		Supplies		2,050
130		Prepaid Insurance		1,800
140		Land		14,000
141		Buildings		61,100
149		Equipment		15,000
201		Accounts Payable				$ 11,800
208		Unearned Rent Revenue				3,300
275		Mortgage Payable				40,000
311		Common Stock				35,900
429		Rent Revenue				11,250
610		Advertising Expense		600
726		Salaries and Wages Expense		3,200
732		Utilities Expense		900
				$102,250		$102,250

In addition to those accounts listed on the trial balance, the chart of accounts for Monty Corp. also contains the following accounts and account numbers: No. 142 Accumulated DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, 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, 2019.
2.		A count of supplies shows $700 of unused supplies on May 31.
3.		Annual depreciation is $3,060 on the buildings and $1,500 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.
6.		Salaries of $700 are accrued and unpaid at May 31.

Journalize the adjusting entries on May 31.

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.

Prepare an adjusted trial balance on May 31.

Prepare an income statement for the month of May 31.

Prepare an retained earnings statement for the month of May 31.

Prepare a balance sheet at May 31.