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The Monty Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Monty Corp. Trial
The Monty Corp. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Monty Corp. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,550 126 Supplies 2,714 130 Prepaid Insurance 3,120 140 Land 15,600 141 Buildings 78,000 149 Equipment 18,000 200 Notes Payable $52,000 201 Accounts Payable 14,544 208 Unearned Rent Revenue 4,290 311 Common Stock 45,500 429 Rent Revenue 11,890 101 Cash $4,550 126 Supplies 2,714 130 Prepaid Insurance 3,120 140 Land 15,600 141 Buildings 78,000 149 Equipment 18,000 200 Notes Payable $ 52,000 201 Accounts Payable 14,544 208 Unearned Rent Revenue 4,290 311 Common Stock 45,500 429 Rent Revenue 11,890 610 Advertising Expense 780 726 Salaries and Wages Expense 4,290 732 Utilities Expense 1,170 $128,224 $128,224 Prepare a retained earnings statement for the month of May 31. Monty Corp. Retained Earnings Statement > $ +A $
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