HANK'S HOTEL Income Statement A SA Hank's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows HANK'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 126 130 Debit $3,400 2,080 2,400 12,000 60,000 15,000 140 141 149 201 208 275 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 $4,700 3,300 40,000 41,380 10,300 301 429 610 726 732 600 3,300 900 $99,680 $99,600 In addition to those accounts listed on the trial balance, the chart of accounts for Hank's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation Ruildina No 1 Armate nel 712 inde In addition to those accounts listed on the trial balance, the chart of accounts for Hank'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 Prepaid insurance is a 1-year policy starting May 1, 2020 2 A count of supplies shows $750 of unused supplies on May 31. Annual depreciation is $3,600 on the buildings and $1,500 on equipment. The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) 5. Two-thirds of the uneared rent revenue has been earned Salaries of $750 are accrued and unpaid at May 31. HANK'S HOTEL Adjusted Trial Balance May 31, 2020 Debit Credit Cash 3, 400 Supplies 750 Prepaid Insurance 2,200 Land 12,000 Buildings 60,000 Equipment 15,000 Accumulated Depreciation Equipment 125 Accumulated Depreciation-Buildings 300 Wall Accounts Payable 4,700 Interest Payable 200 > Interest Payable 200 Unearned Rent Revenue 1,100 Mortgage Payable 40,000 Owner's Capital 41,380 Rent Revenue 12,500 Advertising Expense 600 > Salaries and Wages Expense 4050 Utilities Expense 900 Insurance Expense 200 Supplies Expense 1,330 Depreciation Expense 425 Interest Expense 200 Salaries and Wages Payable 750 750 Salaries and Wages Payable Totals 101,055 101,055