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BOJ) assignment GUSUUT1?module_item_id=14401484 The Splish Brothers Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 Splish Brothers Inc. Trial Balance May 31, 2020 Debit Credit Cash $3,600 Supplies 2.000 Prepaid Insurance 1,800 Land 14,000 Buildings 59,600 Equipment 14,800 Accounts Payable $ 11,800 Unearned Rent Revenue 3,000 Mortgage Payable 40,000 35,600 Common Stock 10.100 Rent Revenue 650 Advertising Expense 3,200 Salaries and Wages Expense 850 Utilities Expense $100,500 $100,500 201 208 275 311 429 610 726 732 In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers Inc, also contains the following: account numbers: No. 142 Accumulated Depreciation - Buildings, No. 150 Accumulated Depreciation-Equipment. No. 212 Salam Pavable No. 619 Depreciation Expense. No. 631 Supplies Expense, No. 718 Interest Expense, and No. In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers Inc. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wage 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, 2020. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $2,976 on the buildings and $1,476 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 manum Round answers to O decimal places, e.g. 5,275.) Credit Debit No. Date Account Titles and Explanation 1. May 31 2. May 31 No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. May 31 5 May 31 6. May 31 e Textbook and Media ture.com/courses/1377185/assignments/6050011?module_item_id=14401484 Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post sthe adjusting entries. (Post entries in the order of Journal entries posted in the previous part of the question. Round answers to decimal places, eg,5,275.) Cash Date No. 101 Balance Explanation Ref Debit Credit Balance May 31 Supplies Date No. 126 Balance Ref Debit Credit Explanation Balance May 31 J1 May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Balance Ref Debit Credit May 31 Balance J1 May 31 Adjusting No. 140 Balance Land Date Credit Debit Ref Explanation Balance May 31 No. 141 Balance Credit Buildings Date Ref Debit Explanation May 31 Balance RE Debit Credit Balance Debit Credit No. 142 Balance Debit Credit No. 149 Balance May 31 Balance Accumulated Depreciation-Buildings Date Explanation Ref May 31 Adjusting J1 Equipment Date Explanation Ref May 31 Balance Accumulated Depreciation-Equipment Date Explanation Ref May 31 Adjusting J1 Accounts Payable Date Explanation Ref Balance No. 150 Balance Debit Credit No. 201 Debit Credit Balance May 31 No. 208 Balance Ref Debit Credit Unearned Rent Revenue Date Explanation May 1 Balance Adjusting J1 May 31 No. 212 Balance Credit Salaries and Wages Payable Date Explanation Ref Debit Date Explanation Ref Debit Credit Balance May 31 Balance Common Stock Date Explanation May 31 Balance Ref Debit Credit No. 311 Balance No. 429 Balance Ref Debit Credit J1 No. 610 Balance Credit Debit Ref No. 619 Balance Rent Revenue Date Explanation May 31 Balance May 31 Adjusting Advertising Expense Date Explanation May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Interest Expense Date Explanation May 311 Adiustina Credit Debit Ref 1 No. 631 Balance Credit Ref Debit 31 No. 718 Balance Credit Debit Ref KE Debit Credit I. ULU Balance Ref Debit Credit No. 619 Balance J1 Ref Debit No. 631 Balance Credit Adjusting J1 May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Interest Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No. 718 Balance Ref Debit Credit J1 No. 722 Balance Ref Debit Debit Credit J1 No. 726 Balance Ref Debit Credit J1 May 31 No. 732 Adjusting Utilities Expense K Prepare an adjusted trial balance on May 31. (Round answers to decimal places, eg. 5,275.) Splish Brothers Inc. Adjusted Trial Balance Debit Credit I Totals $ e Textbook and Media List of Accounts VII Source Hooleshenancio x instructure.com/courses/1377185/assignments/6050011?module_item_id=14401484 w Maraft Word Work together X Splish Brothers Inc. Income Statement $ Microsoft Word - Work together X + /courses/1377185/assignments/6050011?moduleItem_d14401484 May 31 Balance J1 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance Ref Debit Credit No. 130 Balance Debit Credit No. 140 Balance Debit Credit No. 141 Balance May 31 Adjusting J1 Land Date Explanation Ref May 31 Balance Buildings Date Explanation Ref May 31 Balance Accumulated Depreciation-Buildings Date Explanation Ref May 31 Adjusting 31 Equipment Date Explanation Ref May 31 Balance Accumulated Depreciation Equipment Date Explanation Ref Debit Credit No. 142 Balance Debit Credit No. 149 Balance Debit Credit No. 150 Balance 9 BOJ) assignment GUSUUT1?module_item_id=14401484 The Splish Brothers Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 Splish Brothers Inc. Trial Balance May 31, 2020 Debit Credit Cash $3,600 Supplies 2.000 Prepaid Insurance 1,800 Land 14,000 Buildings 59,600 Equipment 14,800 Accounts Payable $ 11,800 Unearned Rent Revenue 3,000 Mortgage Payable 40,000 35,600 Common Stock 10.100 Rent Revenue 650 Advertising Expense 3,200 Salaries and Wages Expense 850 Utilities Expense $100,500 $100,500 201 208 275 311 429 610 726 732 In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers Inc, also contains the following: account numbers: No. 142 Accumulated Depreciation - Buildings, No. 150 Accumulated Depreciation-Equipment. No. 212 Salam Pavable No. 619 Depreciation Expense. No. 631 Supplies Expense, No. 718 Interest Expense, and No. In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers Inc. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wage 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, 2020. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $2,976 on the buildings and $1,476 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 manum Round answers to O decimal places, e.g. 5,275.) Credit Debit No. Date Account Titles and Explanation 1. May 31 2. May 31 No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. May 31 5 May 31 6. May 31 e Textbook and Media ture.com/courses/1377185/assignments/6050011?module_item_id=14401484 Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post sthe adjusting entries. (Post entries in the order of Journal entries posted in the previous part of the question. Round answers to decimal places, eg,5,275.) Cash Date No. 101 Balance Explanation Ref Debit Credit Balance May 31 Supplies Date No. 126 Balance Ref Debit Credit Explanation Balance May 31 J1 May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Balance Ref Debit Credit May 31 Balance J1 May 31 Adjusting No. 140 Balance Land Date Credit Debit Ref Explanation Balance May 31 No. 141 Balance Credit Buildings Date Ref Debit Explanation May 31 Balance RE Debit Credit Balance Debit Credit No. 142 Balance Debit Credit No. 149 Balance May 31 Balance Accumulated Depreciation-Buildings Date Explanation Ref May 31 Adjusting J1 Equipment Date Explanation Ref May 31 Balance Accumulated Depreciation-Equipment Date Explanation Ref May 31 Adjusting J1 Accounts Payable Date Explanation Ref Balance No. 150 Balance Debit Credit No. 201 Debit Credit Balance May 31 No. 208 Balance Ref Debit Credit Unearned Rent Revenue Date Explanation May 1 Balance Adjusting J1 May 31 No. 212 Balance Credit Salaries and Wages Payable Date Explanation Ref Debit Date Explanation Ref Debit Credit Balance May 31 Balance Common Stock Date Explanation May 31 Balance Ref Debit Credit No. 311 Balance No. 429 Balance Ref Debit Credit J1 No. 610 Balance Credit Debit Ref No. 619 Balance Rent Revenue Date Explanation May 31 Balance May 31 Adjusting Advertising Expense Date Explanation May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting Interest Expense Date Explanation May 311 Adiustina Credit Debit Ref 1 No. 631 Balance Credit Ref Debit 31 No. 718 Balance Credit Debit Ref KE Debit Credit I. ULU Balance Ref Debit Credit No. 619 Balance J1 Ref Debit No. 631 Balance Credit Adjusting J1 May 31 Balance Depreciation Expense Date Explanation May 31 Adjusting Supplies Expense Date Explanation May 31 Interest Expense Date Explanation May 31 Adjusting Insurance Expense Date Explanation May 31 Adjusting Salaries and Wages Expense Date Explanation May 31 Balance No. 718 Balance Ref Debit Credit J1 No. 722 Balance Ref Debit Debit Credit J1 No. 726 Balance Ref Debit Credit J1 May 31 No. 732 Adjusting Utilities Expense K Prepare an adjusted trial balance on May 31. (Round answers to decimal places, eg. 5,275.) Splish Brothers Inc. Adjusted Trial Balance Debit Credit I Totals $ e Textbook and Media List of Accounts VII Source Hooleshenancio x instructure.com/courses/1377185/assignments/6050011?module_item_id=14401484 w Maraft Word Work together X Splish Brothers Inc. Income Statement $ Microsoft Word - Work together X + /courses/1377185/assignments/6050011?moduleItem_d14401484 May 31 Balance J1 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance Ref Debit Credit No. 130 Balance Debit Credit No. 140 Balance Debit Credit No. 141 Balance May 31 Adjusting J1 Land Date Explanation Ref May 31 Balance Buildings Date Explanation Ref May 31 Balance Accumulated Depreciation-Buildings Date Explanation Ref May 31 Adjusting 31 Equipment Date Explanation Ref May 31 Balance Accumulated Depreciation Equipment Date Explanation Ref Debit Credit No. 142 Balance Debit Credit No. 149 Balance Debit Credit No. 150 Balance 9

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