Question 4 of 4 Cullumber's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows CULLUMBER'S HOTEL Trial Balance May 31, 2022 Credit Account Number 101 126 130 Debit $ 3,500 2,050 3,000 90.720 157 201 301 400 610 726 732 Cash Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Service Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $4,700 85,600 13.820 650 3,300 900 $104.120 $104,120 In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber's Hotel also contains the following accounts and account numbers: No. 158 Accumulated Depreciation--Equipment, No 212 Salaries and Wages Payable, No.631 Supplies Expense, No. 711 Depreciation Expense, and No.722Insurance Expense. Other data: 1 2. 3. Prepaid insurance is a one-year policy starting May 1, 2022. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $3.180 on equipment Salaries of $800 are earned and unpaid at May 31 4 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 May 1 31 Debit Credit May 2. 31 May 3. 31 May 4. 31 e Textbook and Media List of Accounts Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question.) Ref. No. 101 Balance Debit Credit No. 126 Balance Ref. Debit Credit 31 No. 130 Balance Ref. Debit Credit Cash Date Explanation May 31 Balance Supplies Date Explanation May 31 Balance May 31 Adjusting Prepaid Insurance Date Explanation May 31 Balance May 31 Adjusting Equipment Date Explanation May 31 Balance Accumulated Depreciation -Equipment Date Explanation May 31 Adjusting Accounts Payable Date Explanation 01 No. 157 Balance Ref. Debit Credit No. 158 Ref. Debit Credit Balance J1 No. 201 Balance Ref. Debit Credit rk -/13 Question 4 of 4 CULLUMBER'S HOTEL Adjusted Trial Balance Debit Credit $ $ TE Prepare an income statement for the month of May. CULLUMBER'S HOTEL Income Statement e Textbook and Media Prepare an owner's equity statement for the month of May. CULLUMBER'S HOTEL Owner's Equity Statement $ 2 $ CULLUMBER'S HOTEL Balance Sheet Assets Liabilities and Owner's Equity $ $