Mac's Motel opened for business on May 1, 2017. Its trial balance before adjustment on May 31 is as follows. Other data: In addition to those accounts listed on the trial balance, the chart of accounts for Mac's Motel 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: Prepaid insurance is a 1-year policy starting May 1, 2017. A count of supplies shows exist750 of unused supplies on May 31. Annual depreciation is exist3,000 on the buildings and exist1, 500 on equipment. The mortgage interest rate is 12%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of exist750 are accrued and unpaid at May 31. Adjusting the Accounts Journalize the adjusting entries on May 31. Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.) Prepare an adjusted trial balance on May 31. Prepare an income statement and an owners equity statement for the month of May and a balance sheet at May 31