Assuming no purchase or payment transactions other than those given above, prepare the adjusting entry required on May $31$ if financial statements are to be prepared as of that date. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$

$\backslash$table$[[$Date Account Titles and Explanation$],[$May $31$ Credit$]]$

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