- 15 !!! Crane's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. CRANE'S HOTEL Trial Balance May 31, 2022 Account Number Debies Credit 101 Cash $ 3,500 126 Supplies 2,100 130 Prepaid Insurance 3,180 157 Equipment 88,920 201 Accounts Payable $ 4,900 301 Owner's Capital 84,400 13,250 400 Service Revenue 650 610 Advertising Expense 3,300 726 Salaries and Wages Expense 900 732 Utilities Expense $102,550 $102.550 O i re to search Question 4 of 5 -75 130 Prepardinsurance 3,180 157 Equipment 88,920 201 Accounts Payable $4,900 301 Owner's Capital 84,400 400 Service Revenue 13,250 610 Advertising Expense 650 726 Salaries and Wages Expense 3,300 732 Utilities Expense 900 $102,550 $102,550 In addition to those accounts listed on the trial balance, the chart of accounts for Crane's Hotel 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 $850 of unused supplies on May 31. Anous donne 90 e Question 4 of 5 -75 $102,550 $102,550 In addition to those accounts listed on the trial balance, the chart of accounts for Crane's Hotel 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 Insurand Expense. Other data: 1. Prepaid insurance is a one-year policy starting May 1, 2022. 2. A count of supplies shows $850 of unused supplies on May 31. 3. Annual depreciation is $3,180 on equipment. 4. Salaries of $700 are earned and unpaid at May 31. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. May 31 Type here to search 4. Salaries of $700 are earned and unpaid at May 31. -75 Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. May 31 ere to search e Question 4 of 5 1. 31 -/5 E 2. May 31 3. May 31 4. May 31 May 31 Adjusting -75 31 Owner's Capital Date Explanation Ref. Debit No. 301 May 31 Credit Balance Balance Service Revenue Date Explanation Ref. No. 400 Debit Credit May 31 Balance Balance Advertising Expense Date Explanation No. 610 Ref. Debit Credit Balance May 31 Balance Supplies Expense Date No. 631 Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Depreciation Expense No. 711 HE Type here to search o Bi Question 4 of 5 -/5 $ e Textbook and Media List of Accounts Type here to search O e AD600 Prepare an owner's equity statement for the month of May. CRANE'S HOTEL Owner's Equity Statement $ e Textbook and Media List of Accounts Type here to search e Prepare an owner's equity statement for the month of May. CRANE'S HOTEL Owner's Equity Statement $ e Textbook and Media List of Accounts Type here to search e -75 E Prepare a balance sheet at May 31. (ListAssets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) CRANE'S HOTEL Balance Sheet Assets : Liabilities and Owner's Equity Type here to search O 14 OT 5 -/5 Liabilities and Owner's Equity a $ e Textbook and Media