Solve the math:

3. Pathao company had the following balances at year end; Cost of goods sold $S,, merchandise inventory $501110, operating expenses 19,0130... sales $93,0i sales discount $1200 3?. sales returns and allowances $1701]. A physical count of inventory determines that merchandise ii'n-recl'iltcni'g,.r on hand is $12,200. Instructions {:1} Prepare the adjusng entry necessary as a result of the physical count. {b} Prepare closing entries 4. Tim Cook opened a Motel for business on May 1, 2020. His accountant has extracted the following trial balance from his books of account as at May 31 2020. Trial Balance As at May 31 2020Details Dr. Cr. $ Cash 2500 Supplies 1900 Prepaid Insurance 2400 Land 15000 Lodge 70000 Furniture 16800 Accounts Payable 5300 Unearned Revenue 3600 Mortgage Loan 35000 Musk, Capital 60000 Rent Revenue 9200 Advertise expense 500 Salaries expense 3000 Utilities Expense 1000 Total 113,100 113,100Notes: The following additional information is to be taken into account. Insurance expires at therate oflpermonth 2. Supplier show 3901] ofurmsed supplies on May 3]. 3. Depreciation Hill] on the Lodge and $25!] on furniture per month. 4. Mortgage interest [2% per year. The mortgage was taken on May I. 5. Unearned rent of$l5 hasbeeo earned. 6. Salaries of$3m are accrued at Ma}:r 31. Instructions Draw up the adjusted Journal and then complete the Worksheet, indicating the adjusted Tria] Balance, locorne Statement & Balance sheet on Ma}.r 31, 2CD}. {IE Marks}