3. Philips opened a Motel for business on May 1, 2009. His account has extracted the following trial balance from his books of account as of May 31, 2009. Trial Balance Dr. ($) Cr. ($) Cash 2500 Supplies 1900 Prepaid Insurance 2400 Land 15000 Lodge 70000 Furniture 16800 Accounts payable 5300 Unearned Revenue 3600 Mortgage Loan 35000 Philips, Capital 60000 Rent Revenue 9200 Advertise Expense 500 Salaries Expense 3000 Utilities Expense 1000 Total 113,100 113,100 Notes: The following additional information is to be considered. 1. Insurance expires at the rate of $200 per month. II. Supplies show $900 of unused supplies on May 31. III. Depreciation $300 on the Lodge and $250 on furniture per month. IV. Mortgage interest 12% per year. The mortgage was taken on May 1. V. Unearned rent of $1500 has been earned. VI. Salaries of $300 are accrued on May 31. Required: A. Prepare and complete the whole worksheet (23) B. Prepare a Post-Closing Trial Balance for the month ended May 3, 2009. (7) Page 213 +