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

CULLUMBER'S HOTEL

Trial Balance

May 31, 2020

Account NumberDebitCredit101Cash$3,400126Supplies2,100130Prepaid Insurance3,000140Land15,000141Buildings60,600149Equipment15,600201Accounts Payable$4,800208Unearned Rent Revenue3,300275Mortgage Payable40,000301Owner's Capital

41,200429Rent Revenue15,100610Advertising Expense

550726Salaries and Wages Expense3,200732Utilities Expense950$104,400$104,400

In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber's 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 $3,636 on the buildings and $1,560 on equipment.

4.The mortgage at an annual 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.

Journalize the adjusting entries on May 31