a. Journalize the adjusting entries on May 31.

b. Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries.

c. Prepare an adjusted trial balance on May 31.

d. Prepare an income statement for the month of May.

e. Prepare a retained earnings statement for the month of May.

f. Prepare a classified balance sheet at May 31.

g. Identify which accounts should be closed on May 31..

example of prefered formating above if you cant do it like that its totally fine i understand

Blossom's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. BLOSSOM'S HOTEL Trial Balance May 31, 2020 Account Number Credit 101 126 130 Debit $3,600 2,000 2,400 14,000 62,400 15,000 140 141 149 201 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 275 $ 4,700 3,300 40,000 41,100 15,000 301 429 610 726 550 3,200 950 $104,100 732 $104,100 In addition to those accounts listed on the trial balance, the chart of accounts for Blossom's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. 2. 3. Prepaid insurance is a 1-year policy starting May 1, 2020, A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $3,744 on the buildings and $1,500 on equipment, The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $700 are accrued and unpaid at May 31. 4 5. 6. Debit Credit No. Date Account Titles and Explanation May 1. 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31