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Land Nicholas Company had the following Adjusted Trial Balance for the month ended May 31, 2016. Nicholas Company Adjusted Trial Balance May 31, 2016 Account Names Debit Credit Cash $349,461 Petty Cash Fund 4,800 Accounts Receivable 22,100 Merchandise Inventory, 5/1/16 54,900 Store Supplies 10,800 Office Supplies 3,700 Prepaid Insurance 3,117 38,000 Forklift 32,900 Accumulated Depreciation, Forklift $800 Delivery Truck 156,000 Accumulated Depreciation, Delivery Truck 1,650 Accounts Payable 93,600 Salaries Payable 1,800 Unearned Sales Revenue 27,700 Notes Payable (Long-Term) 125,000 Nicholas Ram, Capital 395,100 Nicholas Ram, Drawings 4,500 Sales Revenue 261,500 Sales Discounts 645 Sales Returns and Allowances 4,700 Purchases 172,000 Purchases Discounts 3,796 Purchases Returns and Allowances 8,600 Freight-in 1,890 Salaries Expense 33,800 Utilities Expense 8,300 Repair Supplies Expense 800 Postage Expense 480 Rent Expense 14,500 Depreciation Expense, Delivery Truck BSO Depreciation Expense, Forklift 800 Office Supplies Expense 1,400 Insurance Expense 283 Cash Short & Over 20 Interest Expense 3,300 Interest Revenue 4,500 Totals 5924,046 $924,046 Ending Merchandise Inventory - $63,000 ES Post the Closing Entries to the General Ledger (Post entries in the order of Journal entries presented in the previous part. Enter "O" for account bala amounts. Only recalculate the ending balances to Ledger accounts where amounts were posted. To see comma-formatted numbers reflected in f Debit Cash Date 2016 May 31 Balance Credit Balance By 349,461 Debit Petty Cash Fund Date 2016 May 31 Balance Credit Balance 4,800 Accounts Receivable Date 2016 May 31 Balance Debit Credit Balance 22,100 Debit Credit Balance Merchandise Inventory Date 2016 May 31 Balance 31 Closing 54,900 31 Closing Debit Credit Store Supplies Date 2016 May 31 Balance Balance 10,300 Office Supplies Date 2016 May 31 Balance Debit Credit Balance 3,700 ECES of Debit Credit Balance Prepaid Insurance Date 2016 May 31 Balance 3,117 Eudy Land Debit Credit Balance Date 2016 May 31 Balance 38,000 Debit Credit Balance Forklift Date 2016 May 31 Balance 32,900 Debit Credit Balance Accumulated Depreciation, Forklift Date 2016 May 31 Balance 800 Debit Credit Balance Delivery Truck Date 2016 May 31 Balance 156,000 Debit Credit Balance Accumulated Depreciation, Delivery Truck Date 2016 May 31 Balance 1,650 Debit Credit Balance Accounts Payable Date 2016 May 31 Balance 93,600 Debit Credit Balance Salaries Payable Date 2016 May 31 Balance 1,800 Debit Credit Balance Unearned Sales Revenue Date 2016 May 31 Balance 27,700 Debit Credit Balance Notes Payable (Long-Term) Date 2016 May 31 Balance 125,000 Debit Credit Balance Nicholas Ram, Capital Date 2016 May 31 Balance 31 Closing 395,100 31 Closing Debit Credit Balance Nicholas Ram, Drawings Date 2016 May 31 Balance 4,500 31 Closing Credit Balance Debit Sales Revenue Date 2016 May 31 Balance 261,500 31 Closing URCES 201 Debit Credit Balance Sales Discounts Date 2016 May 31 Balance 31 Closing C 645 Study Debit Credit Sales Returns and Allowances Date 2016 May 31 Balance Balance 4,700 31 Closing Purchases Date 2016 Debit Credit Balance May 31 Balance 172,000 31 Closing Purchases Discounts Date Debit Credit Balance 2016 May 31 Balance 31 Cosing 3,796 Debit Credit Balance Purchases Returns and Allowances Date 2016 May 31 Balance 31 Cosing 8,600 Freight-In Bats Debit Credit Balance 2016 May 31 Balance 31 Closing 1,890 Balance Detalt Freight-In Date 2016 May 31 Balance 31 Going 1.890 Cred Balance Dett Salaries Expense Date 2016 May 31 Balance 31 Going 33.800 Balance Debit Credit Uulities Expense Date 2016 May 31 Balance 31 Closing 3,300 Cred Balence Debatt Repair Supplies Expense Date 2016 May 31 Balance 31 Closing 800 Debih Credit Postage Expense Date 2016 May 31 Balance 31 Cloning Rent Expense Date Det Credit 2015 May 31 Balance 31 Closing Debi Credit Deprecation Expense, Delivery Truck Date 2016 May 31 Balance 31 Coming 850 De Cred Depreciation Expense, Fordi Date 2016 May isance 31 Coming 300 ES Office Supplies Expense Date 2016 May 31 Balance Debit Credit Balance 1,400 31 Closing Insurance Expense Date 2016 May 31 Balance Debit Credit Balance 283 31 Closing Cash Short & Over Date 2016 May 31 Balance Debit Credit Balance 20 31 Closing Interest Expense Date 2016 May 31 Balance Debit Credit Balance 3,300 31 Closing Debit Interest Revenue Date 2016 May 31 Balance Credit Balance 4,500 31 Closing Debit Credit Income Summary Date 2016 May 31 Closing Balance 31 Closing 31 Closing Balants Preperearow closing Til Balance (Dorot at the accounts that have ser ending lunce. Do not use dollars (8) when entering amounte. To me comme formated numbers reflected in your must your answers with comma Date Crude Click you would to Show Work for the questi duen wir MacBook 30 OBO ra FE @ # $ & 2 3 4 5 6 7 8 9 0 E T R P Y U

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