PB Badger Motel, Ltd opened for business on May Its trial balance before adjustment on May is as follows
Instructions
a Journalize the adjusting entries on May
b Prepare a ledger using the threecolumn form of account. Enter the trial balance amounts and post the adjusting entries.
Use J as the posting reference. BADGER MOTEL, LTD Trial Balance May Account Number Debit Credit Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Share CapitalOrdinary Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense Problems: Set B
c Prepare an adjusted trial balance on May
d Prepare an income statement and a retained earnings statement for the month of May and a statement of fi nancial position at May
