Mac's Motel opened for business on May 1, 2019 lts trial balance before adjustment on May 31 is as fallows MAC'S MOTEL Trial Balance May 31, 2019 Debit $ 3.500 2,080 2.400 12,000 60,000 15,000 Credit Account Number 101 Cash 126 Supplies 130 Prepaid Insurance 140 Land 141 Buildines 149 Equipment 201 Accounts Payable 208 Unearned Rent Revenue 275 Morteage Payable 301 Owner's Capital 429 Rent Revenue 610 Advertising Expense600 726 Salaries and Wages Expense 3,300 732 Utiities Expense $4,800 10.300 $99,780$99,780 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 Depreclation--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: 1. Prepaid insurance is # 1-year policy starting May 1, 2017. 2. A count of supplies shows $750 of unused supplies on May 31 3. Annual depreciation is $3,000 on the buildings and $1,500 on equipment 4. The mortgage interest rate is 12%. (The mortgage was taxen oton M, L) S. Two-thirds of the unearned rent revenue has been earned 6. Salaries of $750 are accrued and unpaid at May 31 Instructions: Make Adjusting Journal Entries for the above tronsactions. Instructions: Make Adjusting Journal Entries for the above transactions Problem #2: Closing Entries Victoria Lee Company had the following adjusted trial balance. VICTORIA LEE COMPANY Adjusted Trial Balance For the Month Ended June 30, 2019 Adjusted Trial Balance Account Titles Cash Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Debit $3,712 3,904 480 Credit $1,382 160 5,760 owner's Capital Owner's Drawings 550 Service Revenue Salaries and Wages Expense Miscellaneous Expense Supplies Expense Salaries and Wages Payable Total 4,300 ,260 256 1,900 460 $12,062$12,062 Instructions: Prepare closing entries at June 30, 2019