Problem 3-2A (Part Level Submission)

The Bramble Corp. opened for business on May 1, 2019. Its trial balance before adjustment on May 31 is as follows.

Bramble Corp. Trial Balance May 31, 2019
Account Number				Debit		Credit
101		Cash		$ 3,500
126		Supplies		2,100
130		Prepaid Insurance		2,400
140		Land		12,000
141		Buildings		59,100
149		Equipment		14,900
201		Accounts Payable				$ 11,100
208		Unearned Rent Revenue				3,300
275		Mortgage Payable				40,000
311		Common Stock				35,100
429		Rent Revenue				9,400
610		Advertising Expense		650
726		Salaries and Wages Expense		3,400
732		Utilities Expense		850
				$98,900		$98,900

In addition to those accounts listed on the trial balance, the chart of accounts for Bramble Corp. also contains the following accounts and account numbers: No. 142 Accumulated DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data:

1.		Prepaid insurance is a 1-year policy starting May 1, 2019.
2.		A count of supplies shows $700 of unused supplies on May 31.
3.		Annual depreciation is $2,952 on the buildings and $1,488 on equipment.
4.		The mortgage interest rate is 12%. (The mortgage was taken out on May 1.)
5.		Two-thirds of the unearned rent revenue has been earned.
6.		Salaries of $800 are accrued and unpaid at May 31.

(a)

Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	May 31
2.	May 31
3.	May 31
4.	May 31
5.	May 31
6.	May 31