Problem 3-2A The Skyline Motel opened for business on May 1, 2014. Its trial balance before adjustment on May 31 is as follows.

SKYLINE MOTEL Trial Balance May 31, 2014
Account Number	Debit	Credit
101	Cash	$3,544
126	Supplies	2,024
130	Prepaid Insurance	2,856
140	Land	12,690
141	Buildings	59,280
149	Equipment	14,400
201	Accounts Payable	$4,834
208	Unearned Rent Revenue	3,330
275	Mortgage Payable	40,000
301	Owners Capital	41,096
429	Rent Revenue	10,436
610	Advertising Expense	641
726	Salaries and Wages Expense	3,331
732	Utilities Expense	930
$99,696	$99,696

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 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, 2014.
2.	A count of supplies shows $758 of unused supplies on May 31.
3.	Annual depreciation is $2,964 on the buildings and $1,440 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 $762 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.)

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

SHOW LIST OF ACCOUNTS
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Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries.(Post entries in the order of journal entries posted in the previous part of the question.)

Cash	No. 101
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Supplies	No. 126
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J1
Prepaid Insurance	No. 130
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J1
Land	No. 140
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Buildings	No. 141
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Accumulated DepreciationBuildings	No. 142
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Equipment	No. 149
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Accumulated DepreciationEquipment	No. 150
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Accounts Payable	No. 201
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Unearned Rent Revenue	No. 208
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J1
Salaries and Wages Payable	No. 212
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Interest Payable	No. 230
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Mortgage Payable	No. 275
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Owners Capital	No. 301
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Rent Revenue	No. 429
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J1
Advertising Expense	No. 610
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
Depreciation Expense	No. 619
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Supplies Expense	No. 631
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Interest Expense	No. 718
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Insurance Expense	No. 722
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Adjusting	J1
Salaries and Wages Expense	No. 726
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance
May 31	Adjusting	J1
Utilities Expense	No. 732
Date	Explanation	Ref	Debit	Credit	Balance
May 31	Balance

SHOW LIST OF ACCOUNTS
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Prepare an adjusted trial balance on May 31.

SKYLINE MOTEL Adjusted Trial Balance May 31, 2014
Debit	Credit
	$	$