Sheridan's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. SHERIDAN'S HOTEL Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $3,400 126 Supplies: 2,150 130 Prepaid Insurance 2,400 140 Land 13,000 141 Buildings 59,000 149 Equipment 15,000 201 Accounts Payable $4,800 208 Unearned Rent Revenue 3,300 275 Mortgage Payable 40,000 301 Owner's Capital 41,500 429 Rent Revenue 10,100 610 Advertising Expense 600 726 Salaries and Wages Expense 3,200 726 732 Salaries and Wages Expense Utilities Expense 3,200 950 $99,700 $99,700 In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan'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. A count of supplies shows $800 of unused supplies on May 31. 3. Annual depreciation is $3,540 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 unearned rent revenue has been earned. 6. Salaries of $700 are accrued and unpaid at May 31. Cash No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting J1 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance May 31 Balance V May 31 Adjusting n J1 Explanation Ref. Debit Credit Balance May 31 Balance Buildings No. 141 Date Explanation Ref. Debit Credit Balance May 31 Balance Accumulated Depreciation- Buildings No. 142 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Equipment No. 149 Date Explanation Ref. Debit Credit Balance May 31 Balance Accumulated Depreciation- Equipment No. 150 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Balance Unearned Rent Revenue Date Explanation May 31 Balance May 31 Adjusting No. 208 Ref. Debit Credit Balance 31 Salaries and Wages Payable Date Explanation No. 212 Ref. Debit Credit Balance May 31 Adjusting 31 Interest Payable No. 230 Date Explanation Ref. Debit Credit Balance May 31 Adjusting 31 No. 275 Mortgage Payable Date Explanation Ref. Debit Credit Balance No. 275 Explanation Ref. Debit Credit Balance May 31 Balance Owner's Capital No. 30 Date Explanation Ref. Debit Credit Balance May 31 Balance Rent Revenue No. 42 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 No. Advertising Expense Date Explanation Ref. Debit Credit Balance May 31 Balance Depreciation Expense No. Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 16.67/100 iii 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 Insurance Expense Date May 31 No. 722 Explanation Ref. Debit Credit Balance Adjusting J1 Salaries and Wages Expense No. 726 Ref. Debit Credit Balance Date Explanation May 31 Balance May 31 Adjusting 31 Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance 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 Insurance Expense Date May 31 No. 722 Explanation Ref. Debit Credit Balance Adjusting J1 Salaries and Wages Expense No. 726 Ref. Debit Credit Balance Date Explanation May 31 Balance May 31 Adjusting 31 Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance May 31 Balance