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Need: Adjusted Trial Balance The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31 MOTO
Need: Adjusted Trial Balance
The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31 MOTO HOTEL Trial Balance May 31, 2017 Debit Credit $ 2,613 2,600 1,800 15,113 70,000 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $ 4,813 3,300 36,000 60,113 9,000 3,000 800 500 $113,226 $113,226 Other data 1. Insurance expires at the rate of $360 per month 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $2,760 on the building (b) Annual depreciation is $2,160 on equipment. 4" The mortgage interest rate is 5%. (The mortgage was taken out on May 1,) 5. Unearned rent of $2,670 has been earned 6. Salaries of $710 are accrued and unpaid at May 31Step by Step Solution
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