Problem 3-A (Part Level Submission) The Skyline Motel opened for business on May 1, 2015. Its trial balance before adjustment on May 31 as follows STILINE MOVIE Trial Balance May 31, 2015 Account Number Debit $ 3,560 Credit Prepaid Insurance 12,550 Buildings $ 11,227 Accounts Payable Uneamed Rent Revenue Mortgage Payable Rent Revenue Advertising Expense Salaries and Wages Expense U s Expense $99,15 In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Hotel 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 Other data 1. 3. 4. 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2015 A count of suppies shows $705 of unused supplies on May 31 Annual deprecationis $7.958 on the buildings and $1.452 on equipment The mortgage interest rate is 12% (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $752 are accrued and unpaid at May 1 Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Post entries question.) No. 101 Cash Date Explanation Ref Debit Credit Balance May 31 Balance v 3560 No. 126 Supplies Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Debit Credit Balance May 31 Balance May 31 Adjusting HA No. 140 Land Date Explanation Debit Credit Balance May 31 Balance No. 141 Buildings Date Explanation Debit Credit Balance May 31 Balance NO. 142 Accumulated Depreciation Buildings Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 149 Equipment Date Explanation Debit Credit Balance No. 149 Equipment Date Explanation Ref Debit Credit Balance May 31 Balance No. 150 Accumulated Depreciation Equipment Date Explanation Ref Debit Credit Balance May 31 Adjusting No. 201 Accounts Payable Date Explanation Debit Credit Balance May 31 Balance No. 208 Unearned Rent Revenue Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation No. 212 Debit Credit Balance May 31 Adjusting Interest Payable Date Explanation No. 230 Ref Debit Credit Balance May 31 Adjusting Mortgage Payable Date Explanation No. 275 Ref Debit Credit Balance May 31 Balance Common Stock Date Explanation No. 301 Ref Debit Credit Balance No. 301 Common Stock Date Explanation Ref Debit Credit Balance May 31 Balance No. 429 Rent Revenue Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting No. 610 Advertising Expense Date Explanation Debit Credit Balance May 31 Balance No. 619 Depreciation Expense Date Explanation Debit Credit Balance May 31 Adjusting No. 631 Supplies Expense Date Explanation Debit Credit Balance May 31 Adjusting No. 718 Interest Expense Date Explanation Debit Credit Balance May 31 Adjusting No. 722 Insurance Expense Date Explanation Debit Credit Balance May 31 Adjusting No. 726 Salaries and Wages Expense Date Explanation Ref Debit Credit Balance No. 619 Depreciation Expense Date Explanation Debit Credit Balance May 31 Adjusting No. 631 Supplies Expense Date Explanation May 31 Adjusting Debit Credit Balance 1 No. 718 Interest Expense Date Explanation Ref Debit Credit Balance May 31 Adjusting Adjusting A No. 722 Debit Insurance Expense Date Explanation May 31 Adjusting Credit Balance 1 No. 726 Salaries and Wages Expense Date Explanation Debit Credit Balance May 31 Balance May 31 Adjusting No. 732 Utilities Expense Date Explanation Debit Credit Balance May 31 Balance SHOW LIST OF ACCOUNTS