correct answer please

Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. Credit Cash Supplies Prepaid Insurance MOTO HOTEL Trial Balance May 31, 2017 Debit $ 2,593 2,600 1,800 15,093 71,200 16,800 Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,793 3,300 37,200 60,093 9,000 3,000 800 500 $114,386 $114,386 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. A dorn 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $3,960 on the building. (b) Annual depreciation is $3,360 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,660 has been earned. 6. Salaries of $740 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. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Insurance Expense 450 Prepaid Insurance 450 2. Supplies Expense 1420 Supplies 3 (a). Depreciation Expense 330 Depreciation Expense 3 (b). Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Interest Expense Interest Payable Unearned Rent Revenue Rent Revenue 2660 Salaries and Wages Expense Rent Revenue 2660 Salaries and Wages Expense 740 Salaries and Wages Payable SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO SIMILAR PROBLEM Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash 5/1 2593 5/31 Supplies 2600 5/31 1450 1150 Prepaid Insurance 1800 360 1440 15093 15093 5/31 Bal. Building Aer a ted Depreciati -Building Interest Expense Supplies Expense Utilities Expense Insurance Expense Depreciation Expense Prepaid Advertising SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO, SIMILAR PROBLEN Prepare an income statement for the month of May. MOTO HOTEL Income Statement Commen Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Prepare an adjusted trial balance on May 31. MOTO MOTEL Adjusted Trial Balance Debit Cash Prep Supplies Equipment Buildings Land Accumulated Depreciation-Equipment Accounts Payable Interest Payable Salaries and Wages Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Interest Expense Interest Expense Supplies Expense Utilities Expense Insurance Expense Depreciation Expense Prepaid Advertising SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO, SIMILAR PROBLEN Prepare an income statement for the month of May. MOTO HOTEL Income Statement Prepare a retained earnings statement for the month of May. MOTO HOTEL Retained Earnings Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO. SIMILAR PROBLEM Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in Land, Buildings and Equipment.) MOTO HOTEL Balance Sheet Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Identify which accounts should be closed on May 31. 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