SANDHILL'S HOTEL Trial Balance May 31, 2020 Account Number 101 Debit Credit Cash $3,600 126 Supplies 2,050 130 Prepaid Insurance 2,400 140 Land 14,000 141 Buildings 62,000 149 Equipment 15,000 201 Accounts Payable $4,900 208 Unearned Rent Revenue 3,000 275 Mortgage Payable 40,000 301 Owner's Capital 41.100 429 Rent Revenue 14,850 610 Advertising Expense 550 726 Salaries and Wages Expense 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 Prepaid insurance is a 1-year policy starting May 1, 2020 2 Acount of supplies shows $800 of unused supplies on May 31. 3 Annual depreciation is $3,720 on the buildings and $1.500 on equipment. 4 The mortgage at an annual interest rate is 6% (The mortgage was taken out on May 1.) 5. Two-thirds of the uneamed rent revenue has been earned Salaries of $800 are accrued and unpaid at May 31. Your answer is correct. 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 1 May 31 Insurance Expense Prepaid Insurance 2. May 31 Supplies Exper Supplies 3. May 31 Depreciation Expense Accumulated Depreciation-Buildings Accumulated Depreciation-Coignent 4. May 31 Interest Expense Interest Payable Debit 200 1,250 435 200 Credit 200 1.250 310 125 200 Interest rayanie 5. May 31 Unearned Rent Revenue 2000 Rent Revenue 6. May 31 Salaries and Wages Expense Salaries and Wages Payable a eTextbook and Media List of Accounts 000 20th 2.000 800 Attema 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.) Cash Date No. 101 Explanation Ref. Debit Credit Balance May 31 Balance Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting 31 Prepaid Insurance No. 130. Date Explanation Ref. Debit Credit Balance May 31 Balance v May 31 Adjusting 31 Land Date Explanation Ref. Debit Credit Balance May 31 Balance No. 140 No. 141 Buildings Date Explanation Ref. Debit Credit Balance May 31 Balance V Accumulated Depreciation-Buildings Date Explanation May 31 Adjusting No. 142 Ref. Debit Credit Balance 31 No. 149 Equipment Date Explanation Ref. Debit Credit Balance May 31 Balance V Accumulated Depreciation-Equipment Date Explanation May 31 Adjusting No. 150 Ref. Debit Credit Balance 31 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Balance V C Unearned Rent Revenue No. 208 Date Explanation Ref. Debit Credit Balance May 31 Balance v May 31 Adjusting 01 Salaries and Wages Payable No. 212 Ref. Debit Credit Balance Date Explanation May 31 Adjusting 31 Interest Payable No. 230 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Mortgage Payable No. 275 Date Explanation Ref. Debit Credit Balance May 31 Balance Owner's Capital No. 301 Date Explanation Ref. Debit Credit Balance May 31 Balance Rent Revenue Date No. 429 Explanation Ref. Debit Credit Balance May 31 Balance May 311 Adjusting 31 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance May 31 Balance Depreciation Expense No. 619 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Interest Expense No. 718 Date: Explanation Ref. Debit Credit Balance May 31 Adjusting 31 No. 722 Insurance Expense Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Salaries and Wages Expense No. 726 Ref. Debit Credit Balance Date Explanation May 31 Balance May 31 Adjusting 31 Utilities Expense Date May 31 No. 732 Explanation Ref. Debit Credit Balance Balance