The Skysong, Inc. opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 200 201 Cash Skysong, Inc. Trial Balance May 31, 2022 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Q Search Debit $ 3,080 1,832 2,112 10,560 52,800 12,960 Credit $35,200 9,840 99+

journalize the adjusting entries on May 31.

The Skysong, Inc. opened for business on May 1. 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Skysong. Inc. also contains the In addition to those accounts listed on the trial balance, the chart of accounts for Skysong Inc 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, Na. 718 Interest Expense, and No, 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-vear policy starting May 1,2022. 2. A count of supplies shows $660 of unused supplies on May 31. 3. Annual depreciation is $2,640 on the buildings and $1,296 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 and wages of \$885 are unpaid and unrecorded at May 31. No. Date Account Titles and Explanation Debit Credit 1. May 2. May 3. May 4. Mar 4. May 5. May 31 6. May eTextbook and Media List of Accounts Attempts: unlimited Journalize the adjusting entries on May 31. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually)