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Prepare an adjusted trial balance on May 31. CRANE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,593 Supplies 2,600 1,800 15.093 72,400 16,800
Prepare an adjusted trial balance on May 31.
CRANE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,593 Supplies 2,600 1,800 15.093 72,400 16,800 $4,793 Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense 3,300 38,400 60,093 9,000 3,000 Utilities Expense 800 Advertising Expense 500 $115.586 $115,586 Other data: 1. 2. 3. Insurance expires at the rate of $360 per month. A count of supplies shows $1.150 of unused supplies on May 31. (a) Annual depreciation is $3,600 on the building. (b) Annual depreciation is $3.000 on equipment. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) Unearned rent of $2,630 has been earned. Salaries of $750 are accrued and unpaid at May 31. 4. 5. 6Step by Step Solution
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