The Sheridan Company opened for business on May $1,2022.$ Its trial balance before adjustment on May $31$ is as follows.

Sheridan Company

Trial Balance

May $31,2022$

Account Number Debit Credit

$101$ Cash $ $3,150$

$126$ Supplies $1,874$

$130$ Prepaid Insurance $2,160$

$140$ Land $10,800$

$141$ Buildings $54,000$

$149$ Equipment $13,200$

$200$

Notes Payable

$ $36,000$

$201$ Accounts Payable $10,064$

$208$ Unearned Rent Revenue $2,970$

$311$ Common Stock

$31,500$

$429$ Rent Revenue $8,970$

$610$ Advertising Expense

$540$

$726$ Salaries and Wages Expense $2,970$

$732$ Utilities Expense $810$

$$89,504$ $$89,504$

In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan Company 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 $1,2022.$

$2.$ A count of supplies shows $$675$ of unused supplies on May $31.$

$3.$ Annual depreciation is $$2,700$ on the buildings and $$1,320$ on equipment.

$4.$ The note payable annual interest rate is $12\%.($The note was taken out on May $1$ and will be repaid along 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 $31.$ 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