Macy?s Motel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows.

In addition to those accounts listed on the trial balance, the chart of accounts for Macy?s Motel also contains the following accounts and account numbers: No. 158 Accumulated Depreciation?Equipment, No. 212 Salaries and Wages Payable, No. 631 Supplies Expense, No. 711 Depreciation Expense, and No. 722 Insurance Expense.

Other data:1. Prepaid insurance is a one-year policy starting May 1, 2022.2. A count of supplies shows $750 of unused supplies on May 31.3. Annual depreciation is $5,100 on equipment.4. Salaries of $750 are earned and unpaid at May 31.

Instructionsa. Journalize the adjusting entries on May 31.b. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.)c. Prepare an adjusted trial balance on May 31.d. Prepare an income statement and an owner?s equity statement for the month of May and a? balance sheet at May 31.

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Macy's Motel Trial Balance May 31, 2022 Account Number Debit Credit $ 3,500 101 Cash 126 Supplies Prepaid Insurance 2,080 130 2,400 87,000 157 Equipment $ 4,800 201 Accounts Payable 301 Owner's Capital 84,680 400 Service Revenue 10,300 610 Advertising Expense Salaries and Wages Expense Utilities Expense 600 726 3,300 732 900 $99,780 $99,780