Question: Please help me with the blanks i don't understand The Monty Corp opened for business on May 1. 2022. Its trial balance before adjustment on












The Monty Corp opened for business on May 1. 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Monty Corp. also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings. No. 150 Accumulated Depreciation-Equipment, No. 212. Salaries and Wages Payable. No. 230 interes. Payable. No, 619 Depreciation Expense, No. 631 Supplies Expense, No, 718 Interest Expense, and No. 722 insurince Expense. Other data: 1. Pregaid insurance is a 1-year policy starting May 1,2022 2. A count of supplies shows 5975 of unused supplies on May 31 . 3. Annual depreciation is $3,900 on the buildings and $1,800 on equipment. 4. The note payable interest rate is 12 W. (The note was taken out on May 1 and will be repald alones with interest in 2 years? 5. Two-thirds of the unearned rent revenue has becn earned. 6. Salaries and wases of $885 are unnaid and unrecorded at May 31 . Journslizethe adjustingentrics on May31. (Credit account titles are automatically indented when the amount is entered. Do not indent madualify. 5. May Unearned Rent Revuriue Rent Revemie 6. May Salarles ind Wages Expenise Salariesand Wages Payabie Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries (Post entries in the order of journal entries posted in the previous part of the auestion.) Question 6 of 6 Accumulated DepreciationEquipment Date Explanation Ref Bebit Credit Balance Accumulated Depreciation- Equipment DateExplanationMay31RefAdjusting.DebitJ1 May 31 Adjusting 31 \begin{tabular}{cccccc} \hline Salaries and Wages Payable & & & No. 212 \\ Date Explanation & Ref & Debit & Credit & Balance \\ \hline \end{tabular} Question 6 of 6 Advertising Expense DateMay31ExplanationBalanceRefVDebit \begin{tabular}{l} Depreciation Expense \\ DateExplanationMay31RefAdjustingDebitJ1 \\ \hline \end{tabular} eTextbook and Media List of Accounts Attempts: 2 of 5 used Prepare an adjusted trial balance on May 31. Mortgage-Payable Common Stock Rent Revenue: Advertising Expense: Salaries and Wages Expense Utilitios Expensel Interest Expense. Salaries and Wages Payable Interest Payable Depreciation Expense Supplies Expense Insurance Expense Supalier Experso Insurance Expense Accumulated Depreciatien-Buidings Accumulated Depreciation-Equioment eTextbook and Media List of Accounts Save fortater Attempts: 0 of 5 used Gubtuit
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