Exercise Four Morales Property Management Company opened for business on May 1, 2022. A partial list of accounts and balances from the May 31 unadjusted trial balance follows: Cash Accounts receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries expense Dividends Debit Credit $0 15,250 5,000 2,400 65,000 $0 60,000 42,000 100,000 0 15,000 5,000 After some analysis, Morales' accounting manager determines the following: 1. A physical count of supplies reveals $1,200 on hand. 2.25% of the unearned rant revenue was earned in May.