In addition to those accounts listed on the trial balance, the chart of accounts for Ivanhoe'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:

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Prepaid insurance is a 1-year policy starting May 1, 2022.

A count of supplies shows $800 of unused supplies on May 31.

Annual depreciation is $3,744 on the buildings and $1,440 on equipment.

The note payable interest rate is 6%. (The note was taken out on May 1 and will be repaid along with interest in 1 year.)

Two-thirds of the unearned rent revenue has been earned.

Salaries and wages of $800 are unpaid and unrecorded at May 31.

Equaphent? lestion 8 of 8 Attempts: 0 of 5 used d2) Prepare an owner's equity statement for the month of May, Prepare an income statement for the month of May. when the amount hs enternd Do not indent mackadly? In adoition to those accounts listed on the trial balance the chart af accouats for Ivanhoe's Hotel also contains the following acmoun's and account numbers: No. 142 Accumulated Depreciation- Buildings, No. 150 Accumalated Depreciation-Equipment, No. 212 . Salaries and Wages Payable, Na. 230 interest Pryable, No. 619 Depreciation Expense, Na 631 Supplies Expense, No. 718 interert Expense, and No. 722 Insurance Expense Otheridata: 1. Prepaid insurance is a 1 year policy starting May 1, 2002. 2. A count of supplien show 5800 of unused supplies on May 31 . 3. Annual depreciation is $3.744 on the building and $1.440 co equigmient. 4. The notepoyathle interest cate is bx. (The notewas taken out on Moy 1 and will be repaid afere with interetin 1 yeun]. 5. Two thinds of the unearned rent revenue tas bevt earned. b. Salarins ard wegesces 5800 are uneaid and anrectorded at May 31 . Warhoes Hoted opened foe business on May 1, 2002, its trial balance before adiuntment on My 31 is as follows