Carla Vista's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. CARLA VISTA'S HOTEL Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 3,600 126 Supplies 2,100 130 Prepaid Insurance 1,800 140 Land 13,000 141 Buildings 61,800 149 14.400 200 $ 40,000 201 4.800 208 3,000 301 Equipment Notes Payable Accounts Payable Unearned Rent Revenue Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 41,400 429 12.150 610 550 726 3,200 732 900 $ 101,350 $101,350 In addition to those accounts listed on the trial balance, the chart of accounts for Carla Vista's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Inter Expense, and No. 722 Insurance Expense. Other data: 1 Prepaid insurance is a 1-year policy starting May 1 2022 A count of supplies shows $700 of unused supplies on May 31 2 4. The note payable interest rate is 6% (The note was taken out on May 1 and will be repaid along with inter 1 year) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $700 are unpaid and unrecorded at May 31. 5 6. (a) Journalize the adjusting entries on May 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit No. Date Account Titles and Explanation May 31 1 2 May 31 - May 3 31 4 May 31 5. May 31 6 May 31 eTextbook and Media Tito Arrunt Carla Vista's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. CARLA VISTA'S HOTEL Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 3,600 126 Supplies 2,100 130 Prepaid Insurance 1,800 140 Land 13,000 141 Buildings 61,800 149 14.400 200 $ 40,000 201 4.800 208 3,000 301 Equipment Notes Payable Accounts Payable Unearned Rent Revenue Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 41,400 429 12.150 610 550 726 3,200 732 900 $ 101,350 $101,350 In addition to those accounts listed on the trial balance, the chart of accounts for Carla Vista's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Inter Expense, and No. 722 Insurance Expense. Other data: 1 Prepaid insurance is a 1-year policy starting May 1 2022 A count of supplies shows $700 of unused supplies on May 31 2 4. The note payable interest rate is 6% (The note was taken out on May 1 and will be repaid along with inter 1 year) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $700 are unpaid and unrecorded at May 31. 5 6. (a) Journalize the adjusting entries on May 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit No. Date Account Titles and Explanation May 31 1 2 May 31 - May 3 31 4 May 31 5. May 31 6 May 31 eTextbook and Media Tito Arrunt
