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 Credit Account Number 101 126 130 Debit $3,400 2,050 1,800 13,000 58,800 15,600 140 141 149 201 208 275 301 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 4.900 3,000 40,000 41,000 10,500 600 429 610 726 732 3,200 950 $99,400 $99.400 In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber's Hotel also contains the following arcoints and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, ./20 E Question 6 of 8 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 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: 1. 2 3 4 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2020 A count of supplies shows $700 of unused supplies on May 31 Annual depreciation is $3,528 on the buildings and 51,560 on equipment The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the urvarned rent revenue has been carned. Salaries of $800 are accrued and unpaid at May 31, (a) Journalize the adjusting entries on May 31 (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation May 1 31