Ivanhoe's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141 149 200 201 208 301 429 610 726 732 Cash IVANHOE'S HOTEL Trial Balance May 31, 2022 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense Debit $3,500 2,000 1,800 14,000 62.400 14,400 650 3,400 950 $103,100 Credit $ 40,000 4,900 3,000 41,400 13,800 $103,100 Other data: 1 2 3. 4. 5. 6. 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 Prepare VANHOE'S HOTEL Balance Sheet May 31, 2022