$($b$)$

Prepare a ledger using T$-$accounts. Enter the trial balance amounts and post the adjusting entries. $($Post entries in the order of journal entries presented in the previous question.$)$

Question $2$ of $2$

$\frac{-}{1\mathrm{.}5}vdot{s}^{\text{v}\text{d}\text{o}\text{t}\text{s}}-=,$vdots

$\backslash$table$[[$Utilities Expense,$800,],[$Advertising Expense,$500,],[,$$$113,{000}_{{?}_{?}},]]$

Other data:

Insurance expires at the rate of $$450$ per month.

A count of supplies shows $$1,050$ of unused supplies on May $31.$

Annual depreciation is $$3,600$ on the building and $$3,000$ on equipment.

The notes payable interest rate is $6\%.($The note was taken out on May $1$ and has a $1-$year life. Interest and principal are to be repaid at the maturity of the note.$)$

Unearned rent of $$2,500$ has been earned.

Salaries of $$900$ are accrued and unpaid at May $31.$

$($a$)$

Journalize the adjusting entries on May $31.($List all debit entries before credit entries. 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 the amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

Debit

Credit

$1.$