Account Number 101 SHERIDAN'S HOTEL Trial Balance May 31, 2020 Debit Credit Cash $3,400 136 Supplies 2.150 130 Prepaid Insurance 2,400 140 Land 13.000 141 Buildings $9,000 149 15.000 201 Accounts Payable $4800 206 Unearned Rant Revenue 3,300 275 Mortgage Payable 40,000 301 Owner's Capital 41500 429 Rent Revere 10.100 410 Advertising Expense 600 726 Salaries and Wages Exp 3200 732 950 $9.700 Adjusting entries Ref. No. Date Account Titles and Explanation Debit Credit 1) May 31 Insurance Expense $200 Prepaid Insurance $200 2) May 31 Supplies Expense $1,350 Supplies $1,350 May 31 Depreciation Expense 5420 Accumulated Depreciation Building 5295 Accumulated Depreciation Equipment $125 4) May 31 Interest Expense $200 Interest Payable $200 5) May 31 Unearned rent revenue $2,200 Rent revenue $2,200 May 31 Salaries Expense $700 Prepare a balance sheet at May 31. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) SHERIDAN'S HOTEL Balance Sheet For the Month Ended May 31, 2020 Assets cash Supplies Prepaid Insurance Land Buildings Less Accumulated Depreciation-Buildings Equipment Less Accumulated Depreciation Duddings Total Assets $ $9000 15000 420 Liabilities and Owner's Equity