The Blossom Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $ 27,900 in the revenue column resulted from Rent Revenue. The $ 13,330 in the expense column includes salaries and Wages $ 9,300, Utilities $ 2,480, and Advertising $ 1,550. Assets Prepd. Insur. Acc. Depr.- Bldgs. Acc. Depr.- Equip. Accts. Pay. Int. + Pay Cash + Supplies + + Land + Bldgs. + Equip. = + Bal. 7,750 + 8,060 + 5,580 + 46,500 + 217,000 0 + 52,080 0 14,570 + 0 + > The Blossom Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $ 27,900 in the revenue column resulted from Rent Revenue. The $ 13,330 in the expense column includes Salaries and Wages $ 9,300, Utilities $ 2,480, and Advertising $ 1,550. Liabilities + Stockholders' Equity Retained Earnings Acc. Depr.- Equip. Accts. Pay. Int. Pay + Sal./Wages Pay. Unearn. Rent. Rev. Mortg. Pay Com. Stock = + + + + + Rev. Exp. Div 0 = 14,570 + 0 + 0 + 10,230 + 111,600 + 186,000 + 27,900 13,330 0 Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. Insurance expires at the rate of $ 1,395 per month. 2. A count of supplies shows $3,255 of unused supplies on May 31. 3. (a) Annual depreciation is $ 11,160 on the building. (b) Annual depreciation is $ 9,300 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Rental services related to unearned rent of $ 7,750 have been provided. 6. Salaries of $ 2,790 are accrued and unpaid at May 31. Cash + Supplies Insur. Land Bal. 7,750 8,060 5,580 Adj. 1. 1,395 Adj. 2. 3,255 Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Acc. Depr.- Bldgs. Acc. Depr.- Equip. Bldgs. Equip. 217,000 52,080 -11,160 Sal./Wages Acc. Depr.- Equip. Accts. Pay. Int. Pay Pay. 0 14,570 0 0 Unearn. Rent. Rev. Mortg. Pay Com. Stock + + Rev. 10,230 111,600 186,000 27,900 Exp. Div - 13,330 0