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The Crane Hotel opened for business on May 1,2025. Here is its trial balance before adjustment on May 31 Other data: 1 Insurance expires at

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The Crane Hotel opened for business on May 1,2025. Here is its trial balance before adjustment on May 31 Other data: 1 Insurance expires at the rate of 5450 per month 2 A count of supplies shows $1,160 of unused supplies on May 31 3. Annual depreciation is 53,480 on the bulding and $2,880 on equipment 4. The notes payable interest rate is 6%. The note was taken out on May 1 and has a 1 - ear life. Interert and principal are to be repaid at the maturity of the note) 5. Unearned rent of $2,580 has been earned. 6. Salaries of $760 are accrued and unpaid at M ary 31 les in the arder of

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