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The Splish Brothers Inc opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows Splish Brothers Inc. Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $4,340 126 2,588 Supplies Prepaid Insurance 130 2.976 140 Land 14,880 141 Buildings 74,400 149 17.280 200 $ 49,600 Equipment Notes Payable Accounts Payable Uneamed Rent Revenue 201 13,872 208 4,092 311 Common Stock 43,400 429 Rent Revenue 11452 610 744 Advertising Expense Salaries and Wages Expense 726 4,092 732 Utilities Expense 1.116 732 Utilities Expense 1.116 $122416 $122416 In addition to those accounts listed on the trial balance, the chart of accounts for Splish Brothers Inc 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 Interest Payable No. 619 Depreciation Expense, No. 631 Supplies Expense, No 718 Interest Expense, and No. 722 Insurance Expense Other data: 1 2 3. 4 Prepaid insurance is a 1-year policy starting May 1, 2022 A count of supplies shows $930 of unused supplies on May 31 Annual depreciation is $3,720 on the buildings and $1,728 on equipment The note payable interest rate is 12% (The note was taken out on May 1 and will be repaid along with interest in 2 years) Two-thirds of the uneared rent revenue has been eamed Salaries and wages of $885 are unpaid and unrecorded at May 31 5. 6 (a) Your answer is partially correct. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1 May 31 Insurance Expense Prepaid Insurance 2 May 31 Supplies Expense Supplies 3 May 31 Depreciation Expense Accumulated Depreciation Buildings Acred Depreciation-cument May 31 rest Expense 4 May 31 Interest Expense Interest Payable May 5 Unearned Rent Revenue 31 Rent Revenue May 6 Salaries and Wages Expense 31 Salaries and Wages Payable

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