Problem 3-02A a-d Blossom's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. BLOSSOM'S HOTEL Trial Balance May 31, 2020 Credit Account Number Debit 101 Cash $3,600 126 Supplies 2,000 Prepaid Insurance 130 1,800 140 Land 12,000 141 Buildings 61,000 Equipment 14,400 149 201 Accounts Payable 4,700 3,300 208 Unearned Rent Revenue 275 Mortgage Payable 40,000 301 Owner's Capital 41,500 429 Rent Revenue 10,100 610 Advertising Expense 550 726 Salaries and Wages Expense 3,400 850 732 Utilities Expense $99,600$99,600 In addition to those accounts listed on the trial balance, the chart of accounts for Blossom'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. Prepaid insurance is a 1-year policy starting May 1, 2020 2. A count of supplies shows $800 of unused supplies on May 31 3. Annual depreciation is $3,660 on the buildings and $1,440 on equipment. 4, The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1 .) 5. Two-thirds of the unearned rent revenue has been earned 6. Salarles of $800 are accrued and unpaid at May 31 Cash No. 101 Ref. Debit Date Explanation Credit Balance May 31 Balance 3600 3600 No. 126 Supplies Ref. Date Debit Explanation Credit Balance Balance May 31 800 J1 800 May 31 Adjusting Prepaid Insurance No. 130 Ref. Debit Date Credit Explanation Balance May 31 Balance May 31 Adjusting J1 Land No. 140 Ref. Debit Credit Balance Date Explanation May 31 Balance Buildings No. 141 Ref. Debit Date Explanation Credit Balance May 31 Balance Accumulated Depreciation-Buildings No. 142 Ref. Date Explanation Debit Credit Balance May 31 Adjusting JI Equipment No. 149 Ref. Debit Date Explanation Credit Balance May 31 Balance Accumulated Depreciation-Equipment No. 150 Date Explanation Debit Credit Balance Ref. May 31 Adjusting JI Depreciation Expense No. 619 Date Explanation Debit Credit Balance Ref. Adjusting J1 May 31 No. 631 Supplies Expense Debit Explanation Credit Date Ref. Balance May 31 Adjusting J1 Interest Expense No. 718 Debit Balance Explanation Credit Date Ref. May 31 Adjusting No. 722 Insurance Expense Explanation Debit Credit Balance Date Ref. J1 May 31 Adjusting No. 726 Salaries and Wages Expense Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting JI Utilities Expense No. 732 Debit Date Explanation Ref. Credit Balance Balance May 31 BLOSSOM'S HOTEL Adjusted Trial Balance Debit Credit Prepare an owner's equity statement for the month of May. BLOSSOM'S HOTEL Owner's Equity Statement Prepare a balance sheet at May 31. (List Assets in order of liquidity. List Property, Plant and Equipment in order of Land, BLOSSOM'S HOTEL Balance Sheet Assets Liabilities and Owner's Equity