Prepare the journal and the statements

Q: The Al Khaleej Grand Hotel opened for business on February 1, 2019. Its trial balance before adjustment on February 31 is as follows. Credit AL KHALEEJ GRAND HOTEL Trial Balance February 31, 2019 Debit Cash BD 7.000 Supplies 4,160 Prepaid Insurance 4,800 Land 24,000 Buildings 120,000 Equipment 30,000 Accounts Payable Unearned Rent Revenue Account Number 101 126 130 140 141 149 201 208 6,600 275 301 429 20,600 610 726 732 BD 9,600 Mortgage Payable Owner's Capital Rent Revenue 80,000 82,760 Advertising Expense Salaries and Wages Expense Utilities Expense 1200 6,600 1800 BD199,560 BD199,560 In addition to those accounts listed on the trial balance, the chart of accounts for Al Khaleej Grand 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. Additional data: 1. Prepaid insurance is a 1-year policy starting February 1, 2019. 2. A count of supplies shows BD1500 of unused supplies on February 31. 3. Annual depreciation is BD6,000 on the buildings and BD1,500 on equipment. 4. The mortgage interest rate is 12%. (The mortgage was taken out on February 1.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries of BD1500 are accrued and unpaid at February 31. Required (a) Journalize the adjusting entries on February 31. [5 Marks] (b) Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Use J1 as the posting reference.) just only for those accounts (Supplies, Prepaid Insurance, Unearned Rent Revenue, Rent Revenue and Salaries and Wages Expense). [2.5 Marks] (c) Prepare an adjusted trial balance on February 31. [2.5 Marks] (d) Prepare an income statement at February 31 12.5 Marks) (e) and Prepare a balance sheet at February 31. [2.5 Marks)