P4.3A ( LOO2,3, 4), AP The Moto Hotel Opened for basiness on May 1, 2020. Here is its trial balance beione adjustunent on May 31. Other data: 1. Insurance expires at the rate of $450 per monfh. 2. A count of supplies shows $1,050 of unnsed supplies on May 31 . 3. Annmal depreciation is $3,600 on the building and $3,000 on equipment. 4. The mortgage interest pate is 6%. (The mortyage was taken out on May 1.) 5. Uneamed rent of $2,500 has been eamed. 6. Salaries of $900 are accrued and unpsid at May 31. Instructions a. Ioumalize fhe adjusting entries on May 31. b. Prepare a ledger using T-accounts. Finter the trial balance amounts and post the adjusting entries. c. Prepare an adjusted trial balance on May 31. d. Prepare (1) an income statement and (2) a retained earnings statement for the month of May and (3) a classified balance sheet at May 31 . e. Identify which accounts should be closed on May 31