Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question.) 
Problem 3-02A a-d (Part Level Submission) Pharoah's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. PHAROAH'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 126 130 Debit $ 3,400 2,050 2,400 12,000 60,800 14,400 141 149 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 4,900 3,300 40,000 41,400 10,300 301 610 726 600 3,400 850 $99,900 732 $99,900 In addition to those accounts listed on the trial balance, the chart of accounts for Pharoah's Hotel 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. 2. 3. 4. 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2020. A count of supplies shows $800 of unused supplies on May 31. Annual depreciation is $3,648 on the buildings and $1,440 on equipment. The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $700 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. May 31 Insurance Expense 2001 Prepaid Insurance 200 2. May 31 Supplies Expense 1,250 Supplies 1,250 yu 3. May 31 Depreciation Expense 424 | Accumulated Depreciation-Buildings ( 304 | Accumulated Depreciation-Equipment 120 4. May 31 Interest Expense In 2001 Interest Payable 200 5. May 31 Unearned Rent Revenue 2,200 Rent Revenue I 2,200 6. May 31 Tsalaries and Wages Expense 700T Salaries and Wages Payable 700 Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question.) Cash Date No. 101 Balance Explanation Ref. Debit Credit May 31 Balance Supplies Date No. 126 Balance Explanation Ref. Debit Credit May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Land Date No. 140 Balance Explanation Ref. Debit Credit May 31 Balance Buildings Date No. 141 Balance Explanation Ref. Debit Credit May 31 Balance Accumulated Depreciation Buildings Date Explanation No. 142 Balance Ref. Debit Credit May 31 Adjusting J1 Equipment Date No. 149 Balance Explanation Ref. Debit Credit May 31 Balance Accumulated Depreciation-Equipment Date Explanation Ref. No. 150 Balance Debit Credit May 31 Adjusting 31 Accounts Payable Date Explanation No. 201 Balance Ref. Debit Credit May 31 Balance Unearned Rent Revenue Date Explanation No. 208 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation No. 212 Balance Debit Credit Ref. 1 May 31 Adjusting Interest Payable Date Explanation No. 230 Balance Debit Credit Ref. 1 May 31 Adjusting Mortgage Payable Date Explanation No. 275 Balance Ref. Debit Credit May 31 Balance Owner's Capital Date Explanation No. 301 Balance Ref. Debit Credit May 31 Balance Rent Revenue Date Explanation No. 429 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Advertising Expense Date Explanation No. 610 Balance Ref. Debit Credit May 31 Balance Depreciation Expense Date Explanation No. 619 Balance Debit Credit Ref. 31 May 31 Adjusting Supplies Expense Date Explanation May 31 Adjusting No. 631 Balance Debit Credit Ref. 11 Interest Expense Date Explanation No. 718 Balance Debit Credit Ref. 31 May 31 Adjusting Insurance Expense Date Explanation Debit No. 722 Balance Credit Ref. J1 May 31 Adjusting Salaries and Wages Expense Date Explanation No. 726 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Utilities Expense Date Explanation May 31 Balance No. 732 Balance Ref. Debit Credit
