How do I find the mortgage interest rate for the trail balance. Can you also help me with the ledger

The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31. SOLO HOTEL Trial Balance May 31, 2014 Debit $ 2,546 2,600 1,800 15,046 74,800 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Credit $ 4,746 3,300 40,800 60,046 9,000 3,000 800 500 $117,892 $117,892 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,178 of unused supplies on May 31. 3. (a) Annual depreciation is $3,600 on the building. (b) Annual depreciation is $3,480 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,523 has been earned. 6. Salaries of $800 are accrued and unpaid at May 31. Your answer is partially correct. Try again. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. 1. Account Titles and Explanation Insurance Exp Debit 450 Prepaid Insura 2. Supplies Expe Credit 450 1178 Supplies 3 (a). Depreciation E 1178 500 Accumulated D 3 (b). Depreciation E 300 500 Accumulated D 4. Interest Expen 250 180 Interest Payab 5. Unearned Ren 180 2523 Rent Revenue 6. Salaries and W Salaries and W SHOW LIST OF ACCOUNTS LINK TO TEXT 2523 800 800 Your answer is partially correct. Try again. Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash 5/31 Bal. 2546 5/31 Bal. 2546 Prepaid Insurance 5/31 Bal. 1800 5/1 450 5/31 Bal. 1350 Supplies 5/31 Bal. 2600 5/31 1178 5/31 Bal. 1422 Land 5/31 Bal. 15,046 5/31 Bal. 15046 Building 5/31 Bal. 74,800 5/31 Bal. 74800 Accumulated Depreciation-Building 5/31 300 Equipment 5/31 16800 5/31 Bal. 16800 Accumulated Depreciation-Equipment 5/31 250 Accounts Payable 5/31 4746 Unearned Rent Revenue 5/31 2523 5/31 Bal. 3300 5/31 Bal. 5823 Salaries and Wages Payable 5/31 800 Interest Payable 5/31 180 Mortgage Payable 5/31 Bal. 40,800 Common Stock 5/31 Bal. 60,046 Rent Revenue 5/31 Bal. 9,000 5/31 2523 5/31 Bal. 6477 Salaries and Wages Expense 5/31 Bal. 3000 5/31 5/31 Bal. 800 3800 Utilities Expense 5/31 Bal. 800 Advertising Expense 5/31 Bal. 500 Interest Expense 5/31 180 Insurance Expense 5/31 450 Supplies Expense 5/31 1178 Depreciation Expense 5/31 5/31 5/31 Bal. 550 550 1100 SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare an adjusted trial balance on May 31. SOLO HOTEL Adjusted Trial Balance May 31, 2014 Debit Credit $ Cash $ 2546 Prepaid Insura 1350 Supplies 1422 Land 15046 Buildings 74800 Equipment 16800 Accumulated D 300 Accumulated D 250 Account Paya 4746 Unearned Ren 5823 Salaries and W 800 Interest Payab 180 Mortgage Paya 40,800 Common stock 60,046 Rent Revenue 6477 Salaries and W 3800 Utilities Expens 800 Advertising Ex 500 Interest Expen 180 Insurance Exp 450 Supplies Expe 1178 Depreciation E 1100 $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare an income statement for the month of May. SOLO HOTEL Income Statement For the Month Ended May 31, 2014 Revenues $ Rent Revenue 6477 Expenses $ Salaries and W 3800 Utilities Expens Advertising Ex Interest Expen Insurance Exp Supplies Expe Depreciation E 800 500 180 450 1178 1100 Total Expenses $ Net Income / (Loss) SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is partially correct. Try again. Prepare a retained earnings statement for the month of May. SOLO HOTEL Retained Earnings Statement For the Month Ended May 31, 2014 $ : $ SHOW LIST OF ACCOUNTS LINK TO TEXT Your answer is incorrect. Try again. Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment .) SOLO HOTEL Balance Sheet May 31, 2014 Assets $ $ $ : : $ Liabilities and Stockholders' Equity $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT By accessing this Question Assistance, you will Question Attempts: 1 of 3 used SAVE FOR SUBMIT LATER ANSWER learn while you earn points based on the Point Potential Policy set by your instructor