Question 1 of 2 -12 View Policies Current Attempt In Progress The Crane Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31 CRANE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2403 Supplies 2.600 Prepaid Insurance 1.800 Land 14,903 Buildings 70,000 Equipment 16,800 Accounts Payable $4603 Unearned Rent Revenue 3.300 Mortgage Payable 36.000 Common Stock 59.903 Rent Revenue 9.000 Salaries and Wages Expense 3.000 Utilities Expense 800 Advertising Expense 500 51.806 $112.806 Other data 1 2. 3 Insurance expices at the rate of $450 per month A count of supplies shows $1,160 of unused supplies on May 31 Cal Annual depreciation is $3,400 on the building th Annual depreciation is 52.880 on equipment The more interest ratesex (The mortgage was taken out on May 13 Unearned rent of $2,580 has been earned Sataries of $700 are accrued and unpaidat May 31 6 Journalize the adjusting entries on May 31, no entry guld, select "No Entry for the account titles and enter for the amount Credit account tinare automatically indented when the amount is entered. Do not indent morsially) No. Account Titles and Explanation Debit Credit 1 Question 1 of 2 -72 UI Journalize the adjusting entries on May 31, no entry is required select 'No Entry for the accounts and enter for the amounts reale accounts are automatically indented when the amount ante. Do not inden manual) Debit Credit No. Account Titles and Explanation 1. 2 3(A) 3(b). Textbook and Media List of Accounts Preweleder wing accounts Enter the treatments and post the justing entries. Pour entries in the conter of Journal entreprened in the visuestion Cash Supplies Question 1 of 2 - 2 THI Prepare a leder using T-accounts. Enter the trial balance amounts and post the adjusting entries. Post entries in the order of lourd en les presented in the previous question Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Uneamed Rent Revenue Salaries and Wages Payable Question 1 of 2 /2 E Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense Question 1 of 2 -/2 E Prepare an adjusted trial balance on May 31, CRANE HOTEL Adjusted Trial Balance Debit Credit I Question 1 of 2 > -72 Prepare an income statement for the month of May. CRANE HOTEL Income Statement e Textbook and Media List of Accounts Prepare red caring statement for the ninth of May CRANE HOTEL Retained Earnings Statement Prepare a retained earnings statement for the month of May. CRANE HOTEL Retained Earnings Statement $ Textbook and Media List of Accounts Prepare a classified balance sheet at May 31 ( Lavrent assets in order of quity Ust Property Plant and in order of Land Building and Equit) CRANE HOTEL Balance Sheet Assets Question 1 of 2 12 E Liabilities and Stockholders' Equity
