The Sheridan Company opened for business on May $1,2022$

Its trial balance before adjustment on May $31$ is as follows. in additon to those accounts listed on the balance, the chart of accounts for sheridan company also contains the following accounts and account numbers

$1.$ prepaid insurance is a $1$ year policy starting may $12022$

$2.$ a count of supplies shows $675$ of unused supplies on may $31$

$3.$ annual depreciation is $2700$ on the buildings and $1320$ on equipment

$4.$ 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$)$

$5.$ two$-$thirds of the unearned rent revenue has been earned

$6.$ salaries ans wages of $885$ are unpaid snd unrecorded at may $31$

Journalize the adjusting entries on may $31$

prepare the ledger using three column$-$form of account

prepare an adjusted trial balance

prepare an income statement

prepare a retained earnings statement

prepare a balance sheet

Account Number$101126130140141149200201208311429610726732$CashSheridan CompanyTrial BalanceSuppliesLandMay $31,2022$Prepaid InsuranceBuildingsEquipmentNotes PayableAccounts PayableUnearned Rent RevenueCommon StockRent RevenueAdvertising ExpenseSalaries and Wages ExpenseUtilities ExpenseDebit$$3,1501,8742,16010,80054,00013,2005402,970810$$$89,504$Credit$ $36,00010,0642,97031,5008,970$$$89,504$