Problem 3-2A (Part Level Submission) The Skyline Motel opened for business on May 1, 2015. Its trial balance before adjustment on May 31 is as follows SKYLINE MOTEL Trial Balance May 31, 2015 Debit Credit Account Number 101 126 130 140 141 149 201 208 275 301 429 610 726 732 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $3,415 2,114 2,880 14,570 60,240 15,240 $11,718 3,240 40,000 35,213 13,037 632 3,264 853 $103,208 $103,208 In addition to those accounts listed on the trial balance, the chart of accounts for Skyline 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 1. Prepaid insurance is a 1-year policy starting May 1, 2015 2. A count of supplies shows $723 of unused supplies on May 31 3. Annual depreciation is $3,012 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 $756 are accrued and unpaid at May 31 ournalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation 1. May 31 Credit Debit 2. May 31 3. May 31 4. May 31 5. 31 6. 31