For the Month Ended May 31, 2027 Revenues Rent Revenue: $35,650 Expenses Solaries and Wages Expense $ Supplies Expense 4,805 Utilities Expense Depreciation Fxpense Advertising Depense Insurance Fxpense Interest Expense Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. - Decreases in assets, liabilities, or stockholders' equily require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses. 1. Insurance expires at the rate of $1,395 per month. 2. A count of supplies shows $3,255 of unused supplies on May 31. 3. (a) Annual depreciation is $11,160 on the building. (b) Annual depreciation is $9,300 on equipment. 4. The note payable interest rate is 6%. (The note was taken out on May 1 and has a 1-year life. Interest and principal are to be repaid at the maturity of the note.) 5. Rental services related to unearned rent of $7,750 have been provided. 6. Salaries of $2,790 are accrued and unpaid at May 31 The Blossom Hotel opened for business on May 1, 2027. The May transactions fesulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $27,900 in the revenue column resulted from Rent Revenue. The $13,330 in the expense column includes $alaries and Wages $9,300, Utilities $2,480, and Advertising $1,550. \begin{tabular}{|c|c|} \hline Cash & $7,750 \\ \hline Supplies & $3,255 \\ \hline Prepaidlnsurance & $4,185 \\ \hline Land & $46,500 \\ \hline Buildings & $217,000 \\ \hline AccumulatedDepreciation-Buildings & $930 \\ \hline Equipment & $52,080 \\ \hline AccumulatedDepreciation-Equipment & $775 \\ \hline AccountsPayable & $14,570 \\ \hline InterestPayable & $558 \\ \hline SalariesandWagesPayable & $2,790 \\ \hline UnearnedRentRevenue & $2,480 \\ \hline NotesPayable & $111,600 \\ \hline CommonStock & $186,000 \\ \hline Revenues & $35,650 \\ \hline Expenses & $24,583 \\ \hline Dividends & $0 \\ \hline \end{tabular}