COLLISON MOTEL

Trial Balance

May $31,2017$

In addition to those accounts listed on the trial balance, the chart of accounts for

Collison Motel 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$.619$ Depreciation

Expense No$.631$ Supplies Expense, No$.718$ Interest Expense, and No$.722$ Insurance

Expense.

Other data:

Insurance expires at the rate of $$200$ per month.

A count of supplies shows $$300$ of unused supplies on May $31.$

Annual depreciation is $$3,600$ on the buildings and $$3,000$ on equipment.

The mortgage interest rate is $12\%.($The mortgage was taken out on May $1.)$

One third of the unearned rent revenue has been earned.

Salaries of $$800$ are accrued and unpaid at May $31.$

Instructions

$($a$)$ Journalize the adjusting entries on May $31.$

$($b$)$ Prepare a ledger using the three$-$column form of account. Enter the trial balance