P3-2B The Bear Motel opened for business on May 1, 2012. Its trial balance before adjustment on May 31 is as follows. BEAR MOTEL Trial Balance May 31, 2012 Credit Account Number 101 126 Debit $3.500 2,080 2.400 12,000 60,000 15,000 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Uneamed Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 4.800 3,300 40.000 41,380 10,300 726 600 3,300 900 $99,780 $99.780 In addition to those accounts listed on the trial balance, the chart of accounts for Bear 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: 1. Prepaid insurance is a 1-year policy starting May 1, 2012. 2. Acount 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 taken out on May 1.) 5. Two-thirds of the unearned rent revenue has been earned 6. Salaries of $750 are accrued and unpaid at May 31. Instructions (a) Joumalize the adjusting entries on May 31. (b) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use Jl as the posting reference.) (c) Prepare an adjusted trial balance on May 31 (d) Prepare an income statement and an owner's equity statement for the month of May and a balance sheet at May 31