Question 3 Cullumber's Hobe opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CULLUMBER'S HOTEL Trial Balance May 31, 2020 Account Number Credit 101 126 Supplies Prepaid Insurance 130 Debit $1,400 2,150 1,300 13,000 61,600 15,600 Land 140 141 149 201 200 275 Buildings Equipment Accounts Payable Jnearned Rant revenue Mortgage Peyable Owner's Capital Rent vente Advertising Expense Saarlas and Wages Expense Utlities Experse $4,700 3,300 40,000 41,000 13,500 301 610 732 3,400 950 $102,500 sin2.500 Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 insurance Expense. CALCULATON PONTEVENSON EN Other data: 1. 2. 3. 4. 5. 6. Prepaid insurance is a 1-year policy starting May 1, 2020. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $3,696 on the buldings and $1,560 on equipment The mortgage at an annual interest rate is (The mortgage was taken out on May 1.) Two-thirds of the uneamed rent revenue has been carried. Salaries of $200 are accrued and unpaid at May 21. (a) ZYour answer has been saved and sert tar grading Sen Gedebook for score details Journalize the adjusting entries in May 31 (Credit account titles are automatically indented when the amoun No. Dute Amount Titles and Explanation Debit Credit 1. May 31 tsurance Experte 150 Prepair insurance 2. May 31 Supplies Expense Supplies 1.450 3. May 31 Depreciation Expenso Palie I mbrace 2 min 124 min (b) Prepare sider using the three-bolum Farm of acourt. Enter the trial balance amounts into the balance column and then past the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question.) No.10: Explanation Dott Credit Balance May 31 Wlands Cash Deale NO 326 Supplies Date May 33 Explanation Mey 21 Adung Prepsidro Date Explanation Adlux.ro Mery Land Balance Explanation Balace Thuildings A T he Ini. Ni hiss TY