Sandhill's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. SANDHILL'S HOTEL Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $ 3,600 126 Supplies 2,050 130 Prepaid Insurance 2,400 140 Land 14,000 141 Buildings 62,000 149 Equipment 15.000 $ 40,000 200 Notes Payable 4,900 201 Accounts Payable 3,000 208 Unearned Rent Revenue 41,100 301 Owner's Capital 14,850 429 Rent Revenue 429 Rent Revenue 14,850 610 550 Advertising Expense Salaries and Wages Expense 726 3,300 732 Utilities Expense 950 $ 103,850 $ 103,850 In addition to those accounts listed on the trial balance, the chart of accounts for Sandhill's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No.619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. 2. 3. Prepaid insurance is a 1-year policy starting May 1, 2022 A count of supplies shows $ 800 of unused supplies on May 31 Annual depreciation is $3,720 on the buildings and $ 1,500 on equipment. The note payable interest rate is 6%. (The note was taken out on May 1 and will be repaid along with interest in 1 year.) Two-thirds of the unearned rent revenue has been earned. 4. 5. 6. Salaries and wages of $ 800 are unpaid and unrecorded at May 31. Journalize the adjusting entries on May 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 1 May 31 2. May 31 3. May 31 No. 101 Cash Date Explanation Ref. Debit Credit Balance May 31 Balance No. 126 Supplies Date Explanation Ref. Debit Balance Credit May 31 Balance Adjusting May 31 31 No. 130 Credit Balance Prepaid Insurance Date Explanation Ref. Debit May 31 Balance J1 May 31 Adjusting No. 140 Balance Land Credit Ref. Debit Date Explanation