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d2 need an explanation Question 1 of 1 > Oriole's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May
d2 need an explanation Question 1 of 1 > Oriole's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows: ORIOLE'S HOTEL Trial Balance May 31, 2020 Account Number Debit Credit 101 Gash $3,600 126 Supplies 2,050 130 Prepaid Insurance 3,000 140 Land 15,000 141 Building 80 300 149 15,600 201 Equipment Accounts Payable Uncanned Rent Revenge $4,800 208 31300 275 Mortgage Payable Owner's Capital 40.000 301 41.200 429 Rent Revenue 15,600 610 550 Advertising Expend SHWE 276 400 3 g FD 1 512 be R Question 1 of 1 76.67 / 100 610 Advertising Expense 550 726 Salaries and Wages Expense 3,400 732 Utilities Expense 900 $104.900 $104.900 In addition to those accounts listed on the trial balance, the chart of accounts for Oriole'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 2 Prepaid insurance is a 1-year policy starting May 1, 2020 A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $3648 on the buildings and $1.560 on equipment The mortgage at an annual interest rates 6. (The mortise was taken out on May 1) Two thirds of the uncanned revenue has been earned Staries of $700 are accrued and unpaidat May 31 4 Prepare an owner's equity statement for the month of May. ORIOLE'S HOTEL Owner's Equity Statement For the Month Ended May 31, 2020 Owner's Capital, May 1 $ Add V: Net Income /(Loss) 10,116 Investment Owner's Capital, May 31 V $ eTextbook and Media List of Accounts Save for Later N 0 P 3
d2 need an explanation
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