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

CARLA VISTA'S MOTEL Trial Balance May 31, 2020
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		Equipment		14,400
201		Accounts Payable				$ 4,800
208		Unearned Rent Revenue				3,000
275		Mortgage Payable				40,000
301		Owners Capital				41,400
429		Rent Revenue				12,150
610		Advertising Expense		550
726		Salaries and Wages Expense		3,200
732		Utilities Expense		900
				$101,350		$101,350

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: 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 $700 of unused supplies on May 31.
3.		Annual depreciation is $3,708 on the buildings and $1,440 on 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 $700 are accrued and unpaid at 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.)

Prepare an adjusted trial balance on May 31. Prepare an income statement for the month of May.

Prepare an owners equity statement for the month of May. 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.)