SHERIDAN'S HOTEL Trial Balance May 31, 2022 Account Number 101 Debit Credit Cash $3,400 126 Supplies 2,150 130 Prepaid Insurance 2,400 140 Land 13,000 141 Buildings 59,000 149 Equipment 15,000 200 Notes Payable $40,000 201 Accounts Payable 4,800 208 Unearned Rent Revenue 3,300 301 Owner's Capital 41,500 429 Rent Revenue 13100 610 Advertising Expense 600 726 Salaries and Wages Expense 3,200 732 Utilities Expense 950 $99,700 $99,700 In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan 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 $800 of unused supplies on May 31. 3. Annual depreciation is $3,540 on the buildings and $1,500 on equipment. 4. 5. 6. 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. Salaries and wages of $700 are unpaid and unrecorded at May 31. No. Date Account Titles and Explanation 1. May 31 Insurance Expense Prepaid Insurance May 2. Supplies Expense 31 Supplies May 3. Depreciation Expense 31 Accumulated Depreciation-Buildings May 4. Interest Expense 31 Interest Payable Debit 200 1,350 200 5. May 31 Unearned Rent Revenue 2,200 May 6. 31 Rent Revenue Salaries and Wages Expense 700 Credit 200 1,350 295 200 2,200