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please answer ALL boxes. thank you The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May
please answer ALL boxes. thank you The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. WILDHORSE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,593 Supplies 2,600 Prepaid Insurance 1,800 Land 15,093 Buildings 71,200 Equipment 16,800 Accounts Payable $4,793 Unearned Rent Revenue 3,300 Mortgage Payable 37,200 Common Stock 60,093 Rent Revenue 9,000 Salaries and Wages Expense 3.000 CRV Mortgage Payable 37,200 Common Stock 60,093 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $114,386 $114,386 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,180 of unused supplies on May 31. 3. (a) Annual depreciation is $3,960 on the building. (b) Annual depreciation is $3,360 on equipment 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,660 has been earned. 6. Salaries of $740 are accrued and unpaid at May 31. Prepare an adjusted trial balance on May 31. WILDHORSE HOTEL Adjusted Trial Balance Debit Credit Prepare an income statement for the month of May. WILDHORSE HOTEL Income Statement Prepare a retained earnings statement for the month of May. WILDHORSE HOTEL Retained Earnings Statement Prepare a cassified balance sheet at May 31. (list current assets in order of liquidity. List Property, Plant and Equipment in order of land, Buildings and Equipment.) WILDHORSE HOTEL Balance Sheet Assets Liabilities and Stockholders' Equity
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