Question 6 of 6 "iew Policies Current Attempt in Progress -15 E The Blossom Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. TP $7,200 in the revenue column resulted from Rent Revenue. The $3,440 in the expense column includes Salaries and Wages $2,400, Utilities $640, and Advertising $400 Assets Liabilities Cash +Supplies + Bal 2,000 2.080+ Prepd. Insur 440 Acc. Depr Acc. Depre Accts Int. Land Bldgs Bldgs.+ Equip. Equip.- Pay +Pay+ Sal/Wages Pay Unearn Rent + Rev Mortg Pay 12,000 56,000 0 13,440 03.760 + 0. 2.640 28.800 + gress 75 E wened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The column resulted from Rent Revenue. The $3,440 in the expense column includes Salaries and Wages $2,400, Utilities $640, and Advertising $400. Stockholders' Equity Liabilities Acc. Depr.- Acc. Depre Unearn Retained Earnings Accts. Int. Bldgs Equip. Equip. Pay + Pay + Sal/Wages Pay. Rent Rev. Mortg Com. Pay + Stock + Rev. Exp. Div 000 13,440 0- 3.760 + 0+ 0. 2.640 + 28,800 +48,000+ 7,200 3,440- 0 Question 6 of 6 (a) < 15 E Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense of a transaction results in a decrease in Assets Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced) 3. Insurance expires at the rate of $360 per month 2 A count of supplies shows $840 of unused supplies on May 31. (al Annual depreciation is $2.880 on the building tbd Annual depreciation is $2,400 on equipment. 4 The mortgage interest rate is 6% (The mortgage was taken out on May 1.11 Rental services related to nearned rent of $2,000 have been provided 4 Salaries of $720 are accrued and unpaid at May 31. a a C O e Assets Chapter 4 Homework Question 6 of 6 < Bal Adj. 1 Adj. 2. Adj. Ja Adj. 3b Adj 4 Adj. 5. A& Adj. Bal Cash Supplies Insur 2,000 2.080 1,440 Land 12,000 Bldgs -15 56,000 Gmail Homepage Centra Mail BREEDEN, CA... P 13 Anthology of Sh... Chapter 4 Homework Question 6 of 6 < Bldgs Rate My Professors ALEKS CAYLEE BR. 1 Kindle Equip Equip. 13,440 Pay 3.760 Int. Pay Gmail Homepage Centra Mail BREEDEN, CA P 13 Anthology of Sh.. RateMyProfessors ALEKS CAYLEE BR. Kindle Chapter 4 Homework Question 6 of 6 -15 Pay Rent. Rev Pay Stock Rev 2.640 28,800 48,000 7,200 Exp. -3,440 Div 0 -/5 E 10:18 PM