Part III: Financial Statements (35 points-partial credit awarded) The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $9,000 in the revenue column resulted from Rent Revenue. The 54,300 in the expense column includes Salaries and Wages $3,000, Utilities $800, and Advertising $500 MOTO HOTEL Trial Balance May 31, 2017 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 2,443 2,600 1,800 14,943 72,400 16,800 $4,643 3,300 38,400 59,943 9,000 3,000 800 500 $115,286 $115,286 . Record adjustments on May 31 that reflect the following data. If the transaction does not require an adjusting entry, simply leave the box blank. 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,160 of unused supplies on May 31. 3. Annual depreciation is $3,600 on the building. 4. Annual depreciation is $3,000 on the equipment. 5, The mortgage interest rate is 6%. The mortgage was taken out on May 1. 6. Rental services related to unearned rent of $2,530 have been provided during the month. 7. Salaries of $830 are accrued and unpaid at May 31. 8. Two new employees were interviewed and hired to begin work on June 1 with an annual salary of $600 each. . IeCa)- ( 2 A