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ANSWER ALL PLEASE THANK YOU The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

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The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. WILDHORSE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,593 Supplies 2,600 Prepaid Insurance 1,800 Land 15,093 Buildings 71,200 Equipment 16,800 Accounts Payable $4.793 Unearned Rent Revenue 3,300 Equipment 16,800 Accounts Payable $4,793 Unearned Rent Revenue 3,300 Mortgage Payable 37,200 Common Stock 60,093 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $114,386 $114,386 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $3,960 on the building. (b) Annual depreciation is $3,360 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,660 has been earned. 6. Salaries of $740 are accrued and unpaid at May 31. Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash 2593 Supplies 2600 1420 5/31 5/31 Bal. 1180 Prepaid Insurance 5/31 1800 5/31 5/31 Bal 1350 Land 5/31 Bal 15093 Building 5/31 Bal. 71200 Accumulated Depreciation-Building 5/31 Bal. 330 5/31 330 5/31 Bal. 330 Equipment 5/31 Bal. 5/31Ball, 16800 Accumulated Depreciation Equipment Accumulated Depreciat Equipment 5/31 280 5/31 280 5/31 Bal. 280 Accounts Payable 5/31 Bal. 4793 Unearned Rent Revenue 5/31 5/31 2660 2650 5/31 3300 5/31 Bal. 640 Salaries and Wages Payable 5/31 V 740 740 Mortgage Po 5/31 Bal. 37200 Common Stock 5/31 Bal. 60093 Rent Revenue 5/31 9000 5/31 2660 5/31 Bal. 11660 Salaries and Wages Expense 5/1 5/31 Interest Ex 5/31 5/31 Bal. 186 186 Insurance Expense 5/31 Bal. 450 Supplies Expense 5/31 Bal. 1420 Depreciation Expense

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