QUESTIONS:

(c) Prepare an adjusted trial balance on May 31.

Based on:

The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31.

MOTO HOTEL Trial Balance May 31, 2017
		Debit			Credit
Cash		$ 2,333
Supplies		2,600
Prepaid Insurance		1,800
Land		14,833
Buildings		71,200
Equipment		16,800
Accounts Payable					$ 4,533
Unearned Rent Revenue					3,300
Mortgage Payable					37,200
Common Stock					59,833
Rent Revenue					9,000
Salaries and Wages Expense		3,000
Utilities Expense		800
Advertising Expense		500
		$ 113,866			$ 113,866

Other data:

1.		Insurance expires at the rate of $ 450 per month.
2.		A count of supplies shows $ 1,100 of unused supplies on May 31.
3.		(a) Annual depreciation is $ 3,000 on the building.
		(b) Annual depreciation is $ 2,400 on equipment.
4.		The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)
5.		Unearned rent of $ 2,660 has been earned.
6.		Salaries of $ 740 are accrued and unpaid at May 31.