1 of 1 < > The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $2,613 Supplies 2,600 Prepaid Insurance 1,800 Land 15,113 Buildings 70,000 Equipment 16,800 Accounts Payable $4,813 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,113 Question 1 of 1 < > Buildings Equipment Accounts Payable 70,000 16,800 $4,813 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,113 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,226 $113,226 Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $2,760 on the building. (b) Annual depreciation is $2,160 on equipment. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 4. 5. Unearned rent of $2,670 has been earned. 6. Salaries of $710 are accrued and unpaid at May 31. (a) Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the acco Credit account titles are automatically indented when the amount is entered. Do not indent manual No. Account Titles and Explanation Debit Question 1 of 1 (a) Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter O for the amoun Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Insurance Expense Prepaid Insurance 2. Supplies Expense Supplies 3 (a). Depreciation Expense Accumulated Depreciation-Buildings 3(b). Depreciation Expense Accumulated Depreciation-Equipment Debit 380 1550 Credit 380 1550 NTINUED (GRADED) Question 1 of 1 3(a). Depreciation Expense Accumulated Depreciation-Buildings 3(b). Depreciation Expense Accumulated Depreciation-Equipment 4. Interest Expense Interest Payable 5. Unearned Rent Revenue Rent Revenue 6. Salaries and Wages Expense Salaries and Wages Payable -/10 Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the on Cash 5/31 2500 Supplies 5/31 2600 5/31 1550 5/31 1050 Prepaid Insurance 5/31 1800 5/1 450 5/1 1500 1 Land 5/1 1350 Building Accumulated Depreciation-Building FEB 13 tv A 5/1 5/1 Equipment 70000 Accumulated Depreciation-Equipment 5/31 F 550 Accounts Payable 5/31 Unearned Rent Revenue 2500 5/1 5/1 800 Salaries and Wages Payable 4700 3300 W 5/1 56 5/1 Accounts Payable 5/31 Unearned Rent Revenue 2500 5/1 800 Salaries and Wages Payable 5/31 Interest Payable 4700 3300 900 5/31 180 FEB 13 Mortgage Payable 5/31 tv A 810 888 3 S 4 ER 55 96 MacBook Air &7 QG 87 T Y U 60000 Di DO " 75 - 8 9 0 0 P 931 02 22 13 5/31 5/31 FEB 13 4 Common Stock Rent Revenue 5/31 9000 5/31 2500 Salaries and Wages Expense 3000 900 5/31 Bal. Utilities Expense 800 tv A MamBook Ay 80 5 888 74 FS " 54 4 5 95 % 96 & 7 8: 8 QG 98 DD 1 W ( 9 0 150 FER 13 5/31 Salaries and Wages Expense 3000 5/31 900 5/31 Bal. 5/31 Bal.+ 5/31 Bal. Utilities Expense 800 Advertising Expense 500 Interest Expense 180 80 2 888 24 " 3 4 % 5 tv A MacBook Air & 17 . Dil DO G 76 70 110 6 7 8 9 0 5/31 Bal.+ 7 Insurance Expense 450 5/31 Bal. Supplies Expense 1550 36 104 13 ( Depreciation Expense tv A Modibock AV 200 NO 2 3 61 $ 4 5 91 3 9 27 . 8 9 O Q W E R T Y U 1 P A 3 Z S D X C k command F > G H J K L B N M V A. command option delats 1 62 0 A N " W Cash S x Prepaid Insurance Supplies Equipment Buildings * command Land Accumulated Depreciation-Buildings 33 MOTO HOTEL Adjusted Trial Balance For the Month Ended May 31, 2022 13 dtv A 6 Debit 2500 $ 1350 1050 16800 70000 15000 Credit " 2 w 44 56 2 5 ' 6 7 8 9 O E R T Y U 1 0 P D F G H J K L 550 C V V B N M H command option M Supplies Equipment Buildings Land Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable Interest Payable Salaries and Wages Payable Unearned Rent Revenue Mortgage Payable Common Stock 20 " 13 80 " $ 94 #3 Q W E S 668 A 95 FR 1050 16800 70000 15000 tv A W Mac Book Will 6 A1 R T Y &7 D F G H 8 " U 8 L 9 61 DD K 550 550 4700 0 180 900 800 36000 60000 of 9 0 - P Q www Rent Revenue Salaries and Wages Expense Interest Expense Supplies Expense Utilities Expense Insurance Expense Depreciation Exper VICTORIA'S SECRET 4 FOR $40 NATURAL BEAUTY BODY CARE 3900 180 1550 ww 24 ww FM ' ' . N 9 2 3 4 5 6 7 8 9 O 0 W E R T Y D O P A N control aption S 800 450 550 - + 1 D F G H J K L < > > B N M . x C H command T command option " w Salaries and Wages Expense Interest Expense Supplies Expense Utilities Expense Insurance Expense Depreciation Expense Advertising Expense 2 VICTORIA'S SECRET 3900 180 1550 800 450 550 500 4 FOR $40 NATURAL BEAUTY BODY CARE 114630 A 1 7 9 2 " 3 M 4 10 en 5 6 7 8 9 Q W E R T Y U 1 < Z S x option command D C F < O ( P G H J K L B N M V- < > A. command option 4 ng to secretsy duckkn A Prepare a classified balance sheet at May 31. List current assets in order of liquidity List Property Plant and Equipment OP COAT MOTO HOTEL Balance Sheet For the Year Ended May 31, 2022 Assets Current Assets Cash P Supplie Total Current Assets Total Labies and Stockholders Equity 2 3 81 9641 W " 2 44 55 MacBlock All <10 6 7 g " q w e r t y u s d ll f z x c v b h 8- 4 2500 1350 1050 se - 9 o 0 j k l n m p 206150 go *m current liabilities accounts payable and stockholders' equity unearned rent revenue mortgage interest total stockholders jur pubads.g.doubleclick.net. common stock retained earnings abilities 62 860 2 #3 a 54 96 5 madbook all 2d & 4700 800 36000 100 60000 . 8 3570 di ' 42580 dd 63570 106150 1 of 3 prepare ledger using t-accounts. enter the trial balance amounts post adjusting entries. (post entries in on cash 31 supplies 2600 1550 prepaid insurance 1800 1500 land 450 building accumulated depreciation-building feb 13 tv 55 salaries wages 3300 900 180 macbook air 810 888 $ 29 qg 17 .b do 1356 931 9000 expense 3000 bal. utilities mac bank kin 80 74 fs # 22 02 93% 8516 8:15 88 ( 735 ferbal.+ advertising 50023 24 aira dil 76 7d116 %6 -104 depreciation apno 6195 27 command> G H J K L B N M V A. command option delats GEL 1 0 A N 42 " W Cash Prepaid Insurance Supplies Equipment Buildings Land Accumulated Depreciation-Buildings S x * command 813 13 MOTO HOTEL Adjusted Trial Balance For the Month Ended May 31, 2022 + tv A Hic Block Av Debit 2500 $ 1350 1050 16800 70000 15000 Credit 550 8 " " 44 5 66 " 2 w 4 ' 6 7 8 9 O E R T Y U o P D F G H J K L V C V B N M command option M