Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)

The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31.

SOLO HOTEL Trial Balance May 31, 2014
		Debit		Credit
Cash		$ 2,751
Supplies		2,600
Prepaid Insurance		1,800
Land		15,251
Buildings		71,200
Equipment		16,800
Accounts Payable				$ 4,951
Unearned Rent Revenue				3,300
Mortgage Payable				37,200
Common Stock				60,251
Rent Revenue				9,000
Salaries and Wages Expense		3,000
Utilities Expense		800
Advertising Expense		500
		$114,702		$114,702

Other data:

1.		Insurance expires at the rate of $450 per month.
2.		A count of supplies shows $1,098 of unused supplies on May 31.
3.		(a) Annual depreciation is $3,960 on the building.
		(b) Annual depreciation is $3,840 on equipment.
4.		The mortgage interest rate is 5%. (The mortgage was taken out on May 1.)
5.		Unearned rent of $2,636 has been earned.
6.		Salaries of $697 are accrued and unpaid at May 31.