Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue 6. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. DC not indent manually.) No. Account Titles and Explanation Debit Credit LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: STMILAR PROBLEM MOTO HOTEL Balance Sheet Assets Liabilities and Stockholders' Equity LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an income statement for the month of May. MOTO HOTEL Income Statement LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare a retained earnings statement for the month of May. MOTO HOTEL Retained Earnings Statement MOTO HOTEL Adjusted Trial Balance Debit Credit Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense Identify which accounts should be closed on May 31. Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. Credit MOTO HOTEL Trial Balance May 31, 2017 Debit Cash $ 2,613 Supplies 2,600 Prepaid Insurance 1,800 Land 15,113 Buildings 70,000 Equipment 16,800 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,226 $ 4,813 3,300 36,000 60,113 9,000 $113,226 Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $2,760 on the building. (b) Annual depreciation is $2,160 on equipment. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,670 has been earned. 6. Salaries of $710 are accrued and unpaid at May 31