Blossom's Motel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Hanks Hotel also contains the following accounts and account numbers:

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 Credit Account Number 101 126 130 140 Debit $ 3,600 2,000 2,400 14,000 62,400 15,000 141 149 201 208 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 275 $ 4,700 3,300 40,000 41,100 15,000 301 429 610 550 726 732 3,200 950 $104,100 $104,100 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 Depreciation-Buildings, No. 150 Accumulated Depreciation- Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 519 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data 1. 2. 3. 3 4. 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2020. A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $3,744 on the buildings and $1,500 on equipment. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $700 are 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 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 Prepare 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 Supplies Date No. 126 Balance Ref. Debit Credit Explanation Balance May 31 31 May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance No. 130 Balance Ref. Debit Credit Adjusting J1 May 31 Land Date No. 140 Balance Explanation Ref. Debit Credit May 31 Balance No. 141 Balance Credit No. 142 Balance Credit Buildings Date Explanation Ref. Debit May 31 Balance V Accumulated Deprecation-Buildings Date Explanation Ref. Debit May 31 Adjusting 31 Equipment Date Explanation Ref. Debit May 31 Balance V Accumulated Depreciation Equipment Date Explanation Ref. Debit May 31 Adjusting 21 Accounts Payable Date Explanation Ref. Debit May 31 Balance No. 149 Balance Credit No. 150 Balance Credit No. 201 Balance Credit Unearned Rent Revenue Date Explanation No. 208 Balance Ref. Debit Credit May 31 Balance V May 31 Adjusting 21 No. 212 Salaries and Wages Payable Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Interest Payable Date Explanation No. 230 Balance Ref. Debit Credit May 31 Adjusting J1 Mortgage Payable Date Explanation No. 275 Balance Ref. Debit Credit May 31 Balance Owner's Capital Date Explanation No. 301 Balance Ref. Debit Credit May 31 Balance No. 429 Rent Revenue Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Advertising Expense Date Explanation No. 610 Balance Ref. Debit Credit May 31 Balance Depreciation Expense Date Explanation No. 619 Balance Ref. Debit Credit May 31 Adjusting J1 No. 631 Supplies Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Interest Expense Date Explanation No. 718 Balance Ref. Debit Credit May 31 Adjusting J1 No. 722 Insurance Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Salaries and Wages Expense Date Explanation No. 726 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting J1 Utilities Expense Date Explanation No. 732 Balance Ref. Debit Credit May 31 Balance Prepare an income statement for the month of May. BLOSSOM'S MOTEL Income Statement . $ $ $ Prepare an owner's equity statement for the month of May. BLOSSOM'S MOTEL Owner's Equity Statement $ - $ $ 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.) BLOSSOM'S MOTEL Balance Sheet Assets $ Liabilities and Owner's Equity $ . $