Question

Fix the boxes in Red.

The Oriole Company opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Oriole Company Trial Balance May 31, 2022 Account Number Credit 101 Cash 126 130 140 Debit $ 4,060 2,420 2,784 13,920 69,600 16,320 141 149 200 201 208 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 46,400 12,976 3,828 311 40,600 10,868 429 610 696 726 732 3,828 1.044 $114,672 $114,672

Answer 1

No.	Date	Account Titles and Explanation	Debit	Credit
3	May 31	Depreciation expense	426
		Accumulated depreciation-buildings ($3480/12)		290
		Accumulated depreciation-equipment ($1632/12)		136
4	May 31	Interest expense	464
		Interest payable ($46400 x 12% x 1/12)		464

Supplies
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance	√			2420
May 31	Adjusting	J1	1550		870
Prepaid Insurance
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance	√			2784
May 31	Adjusting	J1		232	2552
Accumulated Depreciation-Buildings
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1		290	290
Accumulated Depreciation-Equipment
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1		136	136
Unearned Rent Revenue
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance	√			3828
May 31	Adjusting	J1	2552		1276
Salaries and Wages Payable
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1		885	885
Interest Payable
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1		464	464
Rent Revenue
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance	√			10868
May 31	Adjusting	J1		2552	13420
Depreciation Expense
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1	426		426
Supplies Expense
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1	1550		1550
Interest Expense
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1	464		464
Salaries and Wages Expense
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance	√			3828
May 31	Adjusting	J1	885		4713

Oriole Company
Adjusted Trial Balance
May 31, 2022
	Debit	Credit
Cash	4060
Supplies	870
Prepaid Insurance	2552
Land	13920
Buildings	69600
Accumulated depreciation-buildings		290
Equipment	16320
Accumulated depreciation-equipment		136
Notes payable		46400
Accounts payable		12976
Unearned rent revenue		1276
Salaries and wages payable		885
Interest payable		464
Common stock		40600
Rent revenue		13420
Advertising expense	696
Depreciation expense	426
Supplies expense	1550
Interest expense	464
Insurance expense	232
Salaries and wages expense	4713
Utilities expense	1044
Totals $	116447	116447

Oriole Company
Income Statement
For the Month Ended May 31, 2022
Revenues
Rent revenue		13420
Expenses
Advertising expense	696
Depreciation expense	426
Supplies expense	1550
Interest expense	464
Insurance expense	232
Salaries and wages expense	4713
Utilities expense	1044
Total expense		9125
Net income $		4295

Per HOMEWORKLIB RULES, 4 parts have been done. Please post the remaining separately. Thank you.