Skyline Motel Trial Balance May 31, 2022 Account Number Debit Credit 101 Cash $3,500 126 2,080 130 2.400 140 141 12,000 60.000 15,000 149 200 201 Supplies Prepaid Insurance Land Buildings Equipment Notes Payable Accounts Payable Unearned Rent Revenue Common Stock Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 $ 40,000 11.180 3,300 35,000 10,300 311 429 610 600 726 3,300 732 900 $99,780 $99,780 In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Motel 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. 2. 3. 4. Prepaid insurance is a 1-year policy starting May 1, 2022. A count of supplies shows $750 of unused supplies on May 31. Annual depreciation is $3,000 on the buildings and $1.500 on equipment. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) Two-thirds of the unearned rent revenue has been earned. Salaries and wages of $750 5. 6. Skyline Motel Balance Sheet May 31, 2022 Cash Supplies Prepaid insurance Land Liabilities and Stockholders Equity