Problem 3-2A

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				Debit		Credit
101		Cash		$ 3,400
126		Supplies		2,100
130		Prepaid Insurance		3,000
140		Land		14,000
141		Buildings		60,900
149		Equipment		15,200
201		Accounts Payable				$ 4,900
208		Unearned Rent Revenue				3,840
275		Mortgage Payable				40,000
301		Owners Capital				41,300
429		Rent Revenue				13,310
610		Advertising Expense		600
726		Salaries and Wages Expense		3,200
732		Utilities Expense		950
				$103,350		$103,350

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 DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, 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, 2017.
2.		A count of supplies shows $800 of unused supplies on May 31.
3.		Annual depreciation is $3,048 on the buildings and $1,524 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 $800 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.)

S Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amo No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 Prepare an adjusted trial balance on May 31. MAC'S MOTEL Adjusted Trial Balance Debit Credit $