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CRANE HOTEL Trial Balance May 31,2022 Other data: 1. Insurance expires at the rate of $450 per month, 2. A count of supplies shows $1.160

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CRANE HOTEL Trial Balance May 31,2022 Other data: 1. Insurance expires at the rate of $450 per month, 2. A count of supplies shows $1.160 of unused supples on May 31. 3. (a) Annual depreciation is $3,480 on the building. (b) Annual depreciation is $2,880 on equipment. 4. The mortgage interest rate is 6% (The nortgage was taben out on May 1.) 5. Unearned rent of $2,580 has been earned. 6. Salaries of $760 are accrued and unpaid at May 31 . Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entrles in the order of joumal entries presented in the previous question.) Prepaid Insurance: Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Revenue Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense

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