Zoom In Zoom Out Start Rnading Stop Reading Hide Navigation 3 Adjusting the Accounts Trial Balance May 31, 2019 Account Number 101 126 130 140 141 149 201 208 275 311 429 610 726 732 Debit Credit Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 3.500 2,080 2,400 12,000 15.000 $11,180 3300 40,000 10.300 600 3.300 $99.780 $99,780 In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Motel also contains the following accounts and account numbers: No. 142 Accum Dep ciation Building N, 150 Accumulated D pr ciation Equip nt, No. 212 Salari s and wages Payable No. 230 Inte t Payable, No. 619 Dep ia tio n Epen e N 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 $750 of unused supplies on May 31. 3. Annual depreciation is $3,00o on the buildings and $1,500 on equipment. 4, "The mortgage interest rate is 12%. cne mortgage was taken out on May i.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries of $750 are accrued and unpaid at May 31 Instructions (a) Journalize the adjusting entries on May 31 (b) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and jhost the adjusting entries.(Use Ji as the posting reference.) (c) Prepare an adjusted trial balance on May 31 (e) Adj. trial balance $101,305 (d) Prepare an income statement and a retained earnings statement for the month of May and a balance sheet at May 31 (d) Net income $4,645 Ending retained earnings $4,645 Total assets $93.075