Sheridan's hotel opened for business on may 1, 2022. It's trial balance before adjustment on may 31 is as follows.
\begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Sheridan's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. 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, 2022. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,732 on the buildings and $1,500 on equipment. 4. 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.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $700 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.) Prepare an owner's equity statement for the month of May. 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.) Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $ Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $ \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. Prepare an owner's equity statement for the month of May. Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepara an ad] astad triel balance on Mey 31. Debit 5 5 Sheridan's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. 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, 2022. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,732 on the buildings and $1,500 on equipment. 4. 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.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $700 are unpaid and unrecorded at May 31. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepara an ad] astad triel balance on Mey 31. Debit 5 5 Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $ \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Sheridan's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. 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, 2022. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,732 on the buildings and $1,500 on equipment. 4. 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.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $700 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.) Prepare an owner's equity statement for the month of May. 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.) Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $ Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $ \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. Prepare an owner's equity statement for the month of May. Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepara an ad] astad triel balance on Mey 31. Debit 5 5 Sheridan's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. 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, 2022. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,732 on the buildings and $1,500 on equipment. 4. 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.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $700 are unpaid and unrecorded at May 31. \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{\begin{tabular}{l} Accumulated Depreciation- \\ Equipment \end{tabular}} & \multirow[b]{2}{*}{ Balance } \\ \hline Date & Explanation & Ref. & Debit & Credit & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Accounts Payable } & No. 201 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Unearned Rent Revenue } & No. 208 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Payable } & No. 212 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Payable } & No. 230 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Notes Payable } & No. 200 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Owner's Capital } & No. 301 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \multicolumn{5}{|c|}{ Rent Revenue } & No. 429 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Advertising Expense } & No. 610 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Depreciation Expense } & \multicolumn{2}{|r|}{ No. 619} \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & j1 & & & \\ \hline \multicolumn{5}{|c|}{ Supplies Expense } & No. 631 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Interest Expense } & No. 718 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Insurance Expense } & No. 722 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Salaries and Wages Expense } & No. 726 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline May 31 & Adjusting & J1 & & & \\ \hline \multicolumn{5}{|c|}{ Utilities Expense } & No. 732 \\ \hline Date & Explanation & Ref. & Debit & Credit & Balance \\ \hline May 31 & Balance & & & & \\ \hline \end{tabular} Prepara an ad] astad triel balance on Mey 31. Debit 5 5 Prepare an income statement for the month of May. SHERIDAN'S HOTEL Income Statement $ $
