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All information provided, thank you Question 5 of 5 16.29 / 20 IE Land, Buildings and Equipment .) CULLUMBER HOTEL Balance Sheet V Assets v

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Question 5 of 5 16.29 / 20 IE Land, Buildings and Equipment .) CULLUMBER HOTEL Balance Sheet V Assets v The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. CULLUMBER HOTEL Trial Balance May 31. 2022 Debit Credit Cash $ 2,343 Supplies 2,600 Prepaid Insurance 1,800 Land 14,843 Buildings 67,600 Equipment 16,800 Accounts Payable $ 4,543 Unearned Rent Revenue 3,300 Mortgage Payable 33,600 Common Stock 59,843 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $110,286 $110,286 Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,120 on the building. (b) Annual depreciation is $2,520 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,530 has been earned. 6. Salaries of $810 are accrued and unpaid at May 31

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