MOTO HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,500 Supplies 2.600 Prepaid Insurance 1.800 Land 15.000 Buildings 70.000 Equipment 16.800 Accounts Payable $4.700 Unearned Rent Revenue 3.300 36,000 Mortgage Payable 60.000 Common Stock Rent Revenue 9.000 Salaries and Wages Expense 3.000 Utilities Expense 800 500 Advertising Expense $113.000 5113.000 Other data: 1. Insurance expires at the rate of $450 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3.600 on the building. (b) Annual depreciation is $3.000 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2.500 has been earned. 6. Salaries of $900 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amo No. Account Titles and Explanation Debit Credit 1 2 3(a) Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. entries in Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Uneamed Rent Revenue Salaries and Wages Payable 7 Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense MOTO HOTEL Adjusted Trial Balance Debit Credit MOTO HOTEL Income Statement Textbook and Media Lot Account MOTO HOTEL Red Earnings