Blossom's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 200 201 208 Cash BLOSSOM'S HOTEL Trial Balance May 31, 2022 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Debit $3,600 2,000 2.400 14,000 62,400 15,000 Credit $40,000 4,700 3,300

BLOSSOM'S HOTEL Balance Sheet Assets Blossom's Hotel opened for business on May 1,2022. Its trial balance before adjustment on May 31 is as follows. BLOSSOM'S HOTEL Income Statement $ 5 Prepare an owner's equity statement for the month of May. Liabilities and Owner's Equity 1. Prepaid insurance is a 1-year policy starting May 1, 2022. 2. A count of supplies shows $800 of unused supplies on May 31 . 3. Annual depreciation is $3,744 on the buildings and $1,500 on equipment. 4. The note payable interest rate is 6%. (The note was taken out on May 1 and will be repaid along with interest in 1 year.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $700 are unpaid and unrecorded at May 31. BLOSSOM'S HOTEL. Adjusted Trial Balance Debit Credit $ $ 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. Prepaid insurance is a 1-year policy starting May 1, 2022