BLOSSOM'S MOTEL

Trial Balance

May 31, 2020

Cash 3,600

Supplies 2,000

Prepaid Insurance 1,800

Land 12,000

Buildings 61,000

Equipment 14,400

Accounts Payable $4,700

Unearned Rent Revenue 3,300

Mortgage Payable 40,000

Owner's Capital 41,500

Rent Revenue 10,100

Advertising Expense 550

Salaries and Wages Expense 3,400

Utilities Expense 850

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.

1. Journalize the adjusting entries on May 31
2. Adjusted trial balance on May 31.
3. owner's equity statement for the month of May.
4. balance sheet at May 31.