TAKING IT FURTHER As at June 30, 2017, approximately how old are the equipment and vehicles? P3-11B Mountain Best Lodge has a May 31 fiscal year end and prepares adjusting entries on a monthly basis. The following trial balance was prepared before recording the May 31 month-end adjustments: MOUNTAIN BEST LODGE Trial Balance May 31, 2017 Debit Credit Cash Prepaid insurance Supplies Land Buildings Accumulated depreciation-buildings Furniture Accumulated depreciation-furniture Accounts payable Unearned revenue Mortgage payable M. Rundle, capital M. Rundle, drawings Rent revenue $ 12,365 3,080 1,050 80,000 180,000 76,125 21,900 12,250 4,780 8,500 46,400 54,800 18,750 102,100 Advertising expense Depreciation expense Salaries expense Supplies expense Interest expense Insurance expense Utilities expense 500 7,975 49,304 5,410 7,381 4,840 13,300 $404,955 $404,955