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gress The following is the unadjusted trial balance for Sandhill Lodge Ltd. at its year end, May 31, 2021. The company adjusts its monthly. Debit Credit Cash $6,305 11.830 4.430 Accounts receivable Supplies Prepaid insurance Land Buildings Accumulated depreciation-building Furniture Accumulated depreciation-furniture Accounts payable Deferred revenue 4.300 112.540 162.000 $ 26.800 32.400 19.900 8.110 17.500 126.000 Mortgage pavable, due 2024 Mortgage payable, due 2024 Common shares Retained earnings Dividends declared 126,000 60,000 45,490 1,820 Rent income 190,745 100,570 22,870 13,210 Salaries expense Utilities expense Depreciation expense Interest expense Insurance expense Advertising expense Income tax expense 8.710 6.020 1.060 6.480 $494.545 $494.545 rmation: LUUN nues and Explanation May 31 Insurance Expense Debit Credit 860 Prepaid Insurance 31 Supplies Expense 860 2967 Supplies 31 2967 Depreciation Expense 8100 Accumulated Depreciation - Buildings 8100 31 Depreciation Expense 6480 Accumulated Depreciation - Furniture 31 Deferred Revenue 2500 Rent Income 2500 31 Accounts Receivable 3040 1776 Rent Income 1776 31 Salaries Expense 1503 Salaries Payable 1503 31 Interest Expense 735 Interest Payable 735 31 Utilities Expense 2168 2168 Accounts Payable 1010 31 Income Tax Expense 1010 Income Tax Payable Set up T accounts, enter any opening balances, and post the adjusting journal entries prepared in the above part. (Post entries in the order of journal entries presented in the previous part) Cash Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation - Buildings 9.39 / 60 Furniture Accumulated Depreciation - Furniture Interest Payable Income Tax Payable V Deferred Revenue Deferred Revenue Mortgage Payable Common Shares Retained Earnings Dividends Declared Rent Income Salaries Expense V Utilities Expense Interest Expense Insurance Expense Advertising Expense Supplies Expense Depreciation Expense Income Tax Expense gress The following is the unadjusted trial balance for Sandhill Lodge Ltd. at its year end, May 31, 2021. The company adjusts its monthly. Debit Credit Cash $6,305 11.830 4.430 Accounts receivable Supplies Prepaid insurance Land Buildings Accumulated depreciation-building Furniture Accumulated depreciation-furniture Accounts payable Deferred revenue 4.300 112.540 162.000 $ 26.800 32.400 19.900 8.110 17.500 126.000 Mortgage pavable, due 2024 Mortgage payable, due 2024 Common shares Retained earnings Dividends declared 126,000 60,000 45,490 1,820 Rent income 190,745 100,570 22,870 13,210 Salaries expense Utilities expense Depreciation expense Interest expense Insurance expense Advertising expense Income tax expense 8.710 6.020 1.060 6.480 $494.545 $494.545 rmation: LUUN nues and Explanation May 31 Insurance Expense Debit Credit 860 Prepaid Insurance 31 Supplies Expense 860 2967 Supplies 31 2967 Depreciation Expense 8100 Accumulated Depreciation - Buildings 8100 31 Depreciation Expense 6480 Accumulated Depreciation - Furniture 31 Deferred Revenue 2500 Rent Income 2500 31 Accounts Receivable 3040 1776 Rent Income 1776 31 Salaries Expense 1503 Salaries Payable 1503 31 Interest Expense 735 Interest Payable 735 31 Utilities Expense 2168 2168 Accounts Payable 1010 31 Income Tax Expense 1010 Income Tax Payable Set up T accounts, enter any opening balances, and post the adjusting journal entries prepared in the above part. (Post entries in the order of journal entries presented in the previous part) Cash Accounts Receivable Supplies Prepaid Insurance Land Buildings Accumulated Depreciation - Buildings 9.39 / 60 Furniture Accumulated Depreciation - Furniture Interest Payable Income Tax Payable V Deferred Revenue Deferred Revenue Mortgage Payable Common Shares Retained Earnings Dividends Declared Rent Income Salaries Expense V Utilities Expense Interest Expense Insurance Expense Advertising Expense Supplies Expense Depreciation Expense Income Tax Expense

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