The Crane Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. CRANE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,403 Supplies 2.600 Prepaid Insurance 1,800 Land 14,903 Buildings 70,000 Equipment 16,800 Accounts Payable $4.603 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 COMP News Bullish Common Stock 59,903 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $112,806 $112,806 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1.160 of unused supplies on May 31. 3. (a) Annual depreciation is $3,480 on the building. 4. (b) Annual depreciation is $2.880 on equipment. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,580 has been earned. 6. Salaries of $760 are accrued and unpaid at May 31. (b) Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense Supplies Expense Depreciation Expense