The Sunland Company opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows. Sunland Company Trial Balance May 31, 2019 Account Number Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Debit Credit $3,400 2,000 3.000 14,000 58.800 15,000 $ 11,400 3.400 40,000 35,900 10,400 650 3.400 850 $101,100 $101,100 Utilities Expense In addition to those accounts listed on the trial balance, the chart of accounts for Sunland 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, 2019. 2. A count of supplies shows $800 of unused supplies on May 31. 3. Annual depreciation is $2.940 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. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e g. 5,275.) No. Date Account Titles and Explanation Debit Credit 1. May 31 Insurance Expense 250 Prepaid Insurance 250 2. May 31 Supplies Expense 1200 Supplies 1200 3. May 31 Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment 4. May 31 Interest Expense Interest Payable 400 5. May 31 Uneared Rent Revenue 2267 Rent Revenue 2267 6. May 31 Salaries and Wages Expense 700 Salaries and Wages Payable 700 Cash No. 101 Explanation Ref Debit Credit Balance Date May 31 Supplies Balance No. 126 Date Explanation Ref Ref Debit Debit Credit Balance May 31 May 31 Adjusting Prepaid Insurance No. 130 Date Explanation Debit Balance May 31 Balance Adjusting Land Date Explanation Ref Debit Credit Balance May 31 Balance No. 141 Buildings Date Explanation Ref Debit Balance May 31 Balance No. 142 Ref Debit Credit Balance Accumulated Depreciation Buildings Date Explanation May 31 Adjusting Equipment Date Explanation No. 149 Ref Debit Credit Balance May 31 Balance Accumulated Depreciation Equipment Date Explanation LITT No. 150 Ref Debit Credit Balance May 31 Adjusting Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance May 31 Balance Unearned Rent Revenue No. 208 Date Explanation Credit Balance May 31 Balance May 31 Adjusting NO. 212 Ref Debit Credit Balance Salaries and Wages Payable Date Explanation May 31 Adjusting Interest Payable Date Explanation May 31 Adjusting Mortgage Payable Date Explanation No. 230 Balance Ref Debit Credit No. 275 Ref Debit Credit Balance May 31 Balance No. 311 Common Stock Date Explanation May 31 Balance Ref Debit Credit Balance Rent Revenue Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 610 Advertising Expense Date Explanation Ref Debit Credit Balance May 31 Balance No. 619 Depreciation Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 631 Supplies Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 718 Interest Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 722 Ref Debit Debit Credit Balance Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No. 726 Ref Debit Credit Balance May 31 Adjusting Utilities Expense Date Explanation No. 732 Ref Balance May 31 Balance Prepare an adjusted trial balance on May 31. Round answers to decimal places, eg 5.275.) Sunland Company Adjusted Trial Balance Debit Accumulated Depreciation Buildings Equipment Accumulated Depreciation Equipmen AGO Uneaed Rant Revenue Salaries and Waxes Payable in wable More Common Stock Rant Revenue Adverg en Durdonne Subota Sard Wagner Prepare an income statement for the month of May 31 (Round answers to decimal places, eg 5.275.) Sunland Company Income Statement May 21, 2019 e Textbook and Media List of Accounts Prepare an retained earnings statement for the month of May 21 (Round answers to decimal places, es 5.275) Sunband Company Retained Earnings Statement e Tectbook and Media List of Accounts Prepare a balance sheet at May 31.ListAssets in order of liquidity List Property plant and equipment in order of land, buildings and equipment. Round answers to decimal places es 5.275.) Sunband Company Balance Sheet Assets Dreading Liabilities and Stockholders' Equity Lopes Account Payable Morewae Uneamed Runt Revenue