Liabilities Accts. Pay. Sal./Wag. Unearn. Rent. Rev. 14,570 0 0 10,230 The Blossom Hotel opened for business on May 1, 2027. The May transactions resulted 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 Salaries and Wages $9,300, Utilities $2,480, and Advertising $1,550. (a) 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' equity 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 . Unadj. Bal. Adj. 1. Adj. 2. Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Adj. Bal