Question

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

Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do

Cash No. 101 Explanation Ref Debit Credit Balance Date May 31 Supplies Balance No. 126 Date Explanation Ref Ref Debit Debit C

Rent Revenue Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 610 Advertising Expense Date Explanation Ref Debi

Prepare an adjusted trial balance on May 31. Round answers to decimal places, eg 5.275.) Sunland Company Adjusted Trial Balan

Prepare an income statement for the month of May 31 (Round answers to decimal places, eg 5.275.) Sunland Company Income State

Prepare a balance sheet at May 31.ListAssets in order of liquidity List Property plant and equipment in order of land, buildi

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Sunland Company Journal entries No. Date Account 1 31-May Insurance Expense Prepaid Insurance Credit Debit $ Calculation =3,0Sunland Company T Accounts Date Item Credit Post Ref Debit Cash 31-May Balance Prepaid Insurance 31-May Balance 31-May AdjustSunland Company Account Names Cash Supplies Prepaid Insurance Land Buildings Accumulated Depreciation-Buildings Equipment Acc

12,667 Sunland Company Income Statement For the Month ended May 31, 2019 Revenues Rent Revenue Expenses Advertising Expense DSunland Company Balance Sheet As of May 31, 2019 Assets Current Assets Cash Supplies Prepaid Insurance 3,400 800 2,750 Fixed

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