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		$ 3,600
126		Supplies		2,050
130		Prepaid Insurance		2,400
140		Land		13,000
141		Buildings		62,100
149		Equipment		14,900
201		Accounts Payable				$ 4,900
208		Unearned Rent Revenue				4,665
275		Mortgage Payable				40,000
301		Owners Capital				41,300
429		Rent Revenue				11,985
610		Advertising Expense		600
726		Salaries and Wages Expense		3,300
732		Utilities Expense		900
				$102,850		$102,850

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 $3,108 on the buildings and $1,488 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.

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