Blossom's Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows.

BLOSSOM'S MOTEL

Trial Balance

May 31, 2020

Account NumberDebitCredit101Cash$3,600126Supplies2,000130Prepaid Insurance1,800140Land12,000141Buildings61,000149Equipment14,400201Accounts Payable$4,700208Unearned Rent Revenue3,300275Mortgage Payable40,000301Owner's Capital

41,500429Rent Revenue10,100610Advertising Expense

550726Salaries and Wages Expense3,400732Utilities Expense850$99,600$99,600

In addition to those accounts listed on the trial balance, the chart of accounts for Hank's Hotel also contains the following accounts and account numbers: No. 142 Accumulated DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, 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, 2020.

2.A count of supplies shows $800of unused supplies on May 31.

3.Annual depreciation is $3,660on the buildings and $1,440on equipment.

4.The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)

5.Two-thirds of the unearned rent revenue has been earned.

6.Salaries of $800are accrued and unpaid at May 31.

Journalize the adjusting entries on May 31.(Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.

Date

Account Titles and Explanation

Debit

Credit

1.May 31

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enter a debit amount

enter a credit amount

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enter a debit amount

enter a credit amount

2.May 31

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enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

3.May 31

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enter a debit amount

enter a credit amount

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enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

4.May 31

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enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

5.May 31

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

6.May 31

enter an account title

enter a debit amount

enter a credit amount

enter an account title

enter a debit amount

enter a credit amount

eTextbook and Media

List of Accounts

a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries.(Post entries in the order of journal entries posted in the previous part of the question.)

Cash

No. 101

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Supplies

No. 126

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Prepaid Insurance

No. 130

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Land

No. 140

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Buildings

No. 141

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Accumulated DepreciationBuildings

No. 142

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Equipment

No. 149

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Accumulated DepreciationEquipment

No. 150

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Accounts Payable

No. 201

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Unearned Rent Revenue

No. 208

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

May 31

Adjusting

J1

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enter a credit amount

enter a balance amount

Salaries and Wages Payable

No. 212

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Interest Payable

No. 230

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Mortgage Payable

No. 275

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Owner's Capital

No. 301

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Rent Revenue

No. 429

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

May 31

Adjusting

J1

enter a debit amount

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enter a balance amount

Advertising Expense

No. 610

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

Depreciation Expense

No. 619

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Supplies Expense

No. 631

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Interest Expense

No. 718

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Insurance Expense

No. 722

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Salaries and Wages Expense

No. 726

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

May 31

Adjusting

J1

enter a debit amount

enter a credit amount

enter a balance amount

Utilities Expense

No. 732

Date

Explanation

Ref.

Debit

Credit

Balance

May 31

Balance

enter a debit amount

enter a credit amount

enter a balance amount

eTextbook and Media

List of Accounts

an adjusted trial balance on May 31.

BLOSSOM'S MOTEL

Adjusted Trial Balance

choose the accounting period

For the Year Ended May 31, 2020

For the Month Ended May 31, 2020

May 31, 2020

Debit

Credit

enter an account title

$

enter a debit balance

$

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

Totals

$

enter a total for the debit column

$

enter a total for the credit column

eTextbook and Media

List of Accounts

income statement for the month of May.

BLOSSOM'S MOTEL

Income Statement

choose the accountin period

May 31, 2020

For the Year Ended May 31, 2020

For the Month Ended May 31, 2020

select an opening name for section one

Dividends

Expenses

Investment

Net Income / (Loss)

Retained Earnings, June 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

enter an income statement item

$

enter a dollar amount

select an opening name for section two

Dividends

Expenses

Investment

Net Income / (Loss)

Retained Earnings, June 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

enter an income statement item

$

enter a dollar amount

enter an income statement item

enter a dollar amount

enter an income statement item

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enter an income statement item

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enter an income statement item

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enter an income statement item

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enter an income statement item

enter a dollar amount

select a closing name for section two

Dividends

Expenses

Investment

Net Income / (Loss)

Retained Earnings, June 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

enter a total amount for section two

select a closing name for this statement

Dividends

Expenses

Investment

Net Income / (Loss)

Retained Earnings, June 1

Retained Earnings, August 31

Revenues

Total Expenses

Total Revenues

$

enter a total net income or loss amount

eTextbook and Media

List of Accounts

owner's equity statement for the month of May.

BLOSSOM'S MOTEL

Owner's Equity Statement

choose the accounting period

May 31, 2020

For the Month Ended May 31, 2020

For the Year Ended May 31, 2020

select an opening name

Dividends

Expenses

Investment

Net Income / (Loss)

Owner's Capital, May 1

Owner's Capital, May 31

Revenues

Total Expenses

Total Revenues

$

enter a dollar amount

select between addition and deduction

Add

Less

:

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Dividends

Expenses

Investment

Net Income / (Loss)

Owner's Capital, May 1

Owner's Capital, May 31

Revenues

Total Expenses

Total Revenues

enter a dollar amount

select an item

Dividends

Expenses

Investment

Net Income / (Loss)

Owner's Capital, May 1

Owner's Capital, May 31

Revenues

Total Expenses

Total Revenues

enter a dollar amount

select a closing name

Dividends

Expenses

Investment

Net Income / (Loss)

Owner's Capital, May 1

Owner's Capital, May 31

Revenues

Total Expenses

Total Revenues

$

enter a total amount

eTextbook and Media

Assistance Used

List of Accounts

Assistance Used

balance sheet at May 31.(List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.)

BLOSSOM'S MOTEL

Balance Sheet

choose the accounting period

For the Year Ended May 31, 2020

May 31, 2020

For the Month Ended May 31, 2020

Assets

enter a balance sheet item

$

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

$

enter a dollar amount

select between addition and deduction

Add

Less

:

enter a balance sheet item

enter a dollar amount

enter a subtotal of the two previous amount

enter a balance sheet item

enter a dollar amount

select between addition and deduction

Add

Less

:

enter a balance sheet item

enter a dollar amount

enter a subtotal of the two previous amount

select a closing section name for this part of the balance sheet

Current Assets

Liabilities

Expenses

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Revenues

Owner's Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Expenses

Total Intangible Assets

Total Liabilities

Total Liabilities and Owner's Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Revenues

Total Owner's Equity

$

enter a total amount for this part of the balance sheet

Liabilities and Owner's Equity

select an opening name for section one

Current Assets

Liabilities

Expenses

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Revenues

Owner's Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Expenses

Total Intangible Assets

Total Liabilities

Total Liabilities and Owner's Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Revenues

Total Owner's Equity

enter a balance sheet item

$

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

enter a balance sheet item

enter a dollar amount

select a closing name for section one

Current Assets

Liabilities

Expenses

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Revenues

Owner's Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Expenses

Total Intangible Assets

Total Liabilities

Total Liabilities and Owner's Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Revenues

Total Owner's Equity

enter a total amount for this section of the balance sheet

select an opening name for section two

Current Assets

Liabilities

Expenses

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Revenues

Owner's Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Expenses

Total Intangible Assets

Total Liabilities

Total Liabilities and Owner's Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Revenues

Total Owner's Equity

enter a balance sheet item

enter a dollar amount

select a closing name for this part of the balance sheet

Current Assets

Liabilities

Expenses

Intangible Assets

Long-term Investments

Long-term Liabilities

Property, Plant and Equipment

Revenues

Owner's Equity

Total Assets

Total Current Assets

Total Current Liabilities

Total Expenses

Total Intangible Assets

Total Liabilities

Total Liabilities and Owner's Equity

Total Long-term Investments

Total Long-term Liabilities

Total Property, Plant and Equipment

Total Revenues

Total Owner's Equity

$

enter a total amount for this part of the balance sheet