Show Attempt History Current Attempt in Progress Crane's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. CRANE'S HOTEL Trial Balance May 31, 2022 , Account Number Debit Credit 101 Cash $ 3,600 126 Supplies 2.100 130 Prepaid Insurance 3.000 140 Land 15,000 141 Buildings 61.200 149 Equipment 14,400 200 Notes Payable $ 40,000 201 Accounts Payable 4.800 208 Unearned Rent Revenue 3,000 301 Owner's Capital 41,400 429 Rent Revenue 14,950 610 Advertising Expense 600 726 Salaries and Wages Expense 3,300 732 Utilities Expense 950 $104,150 $104,150 In addition to those accounts listed on the trial balance, the chart of accounts for Crane'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 $3,672 on the buildings and $1,440 on equipment. 4. 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 May 31. (b) 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 No. 101 Date Explanation Ref. Debit Credit Balance May 31 Balance Supplies No. 126 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Prepaid Insurance No. 130 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Land No. 140 Date 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 J1 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 J1 Accounts Payable No. 201 Date Explanation Ref. Debit Credit Balance May 31 Balance Accumulated Depreciation-Buildings No. 142 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 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 J1 Accounts Payable No. 201 | Date Explanation Ref. Debit Credit Balance May 31 Balance Unearned Rent Revenue No. 208 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Salaries and Wages Payable No. 212 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Interest Payable No. 230 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Notes Payable No. 200 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 No. 429 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Advertising Expense No. 610 Date Explanation Ref. Debit Credit Balance May 31 Balance Depreciation Expense No. 619 Owner's Capital No. 301 Date Explanation Ref. Debit Credit Balance May 31 Balance Rent Revenue No. 429 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 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 J1 Supplies Expense No. 631 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Interest Expense No. 718 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Insurance Expense No. 722 Date Explanation Ref. Debit Credit Balance May 31 Adjusting J1 Salaries and Wages Expense No. 726 Date Explanation Ref. Debit Credit Balance May 31 Balance May 31 Adjusting J1 Utilities Expense No. 732 Date Explanation Ref. Debit Credit Balance May 31 Balance e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit