Prepare Journalize the adjusting entries on May 31,statement of owners Equity, Balance sheet, Trial Balance, and Income Statement.

iPad? 11:08 PM 68% Ch3 HW Weygandt, Accounting Principles, 12e Hele I PRINTER VERSION BACK Problem 3-2A (Part Level Submission) Mac's Motel opened for business on May 1, 2017. Its trial balance before adjustment on May 31 is as follows. MAC'S MOTEL Trial Balance May 31. 2017 Account Number 101 126 130 140 141 149 201 Debit Credit 3,600 2,000 3,000 12,000 60,900 14,500 Prepaid Insurance Land 275 301 429 610 726 732 Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 4,900 3,795 40,000 41,500 10,805 650 3,400 950 $101,000 $ $101,000 In addition to those accounts listed on the trial balance, the chart of accounts for Mac's Motel 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: Prepaid insurance is a 1-year policy starting May 1, 2017 A count of supplies shows $700 of unused supplies on May 31 1. 2. 3. Annual depreciation is $3,048 on the buildings and $1,452 on equipment 4, The mortgage interest rate is 12%. (The mortgage was taken out on May 1,) 5. Two-thirds of the unearned rent revenue has been earned 6. Salaries of $700 are accrued and unpaid at May 31