The Cullumber Hotel opened for business on May $1,2025.$ Here is its trial balance before

adjustment on May $31.$

Cullumber Hotel

Trial Balance

May $31,2025$

Debit Credit

Cash $$2,343$

Supplies $2,600$

Prepaid Insurance $1,800$

Land $14,843$

Buildings $67,600$

Equipment $16,800$

Accounts Payable $$4,543$

Unearned Rent Revenue $3,300$

Notes Payable $33,600$

Common Stock $59,843$

Rent Revenue $9,000$

Salaries and Wages Expense $3,000$

Utilities Expense $800$

Advertising Expense $500$

Insurance expires at the rate of $$360$ per month.

$2.$ A count of supplies shows $$1,050$ of unused supplies on May $31.$

$3.$ Annual depreciation is $$3,120$ on the building and $$2,520$ on equipment.

$4.$ The notes payable interest rate is $6\%.($The note was taken out on May $1$ and has a $1-$year

life. Interest and principal are to be repaid at the maturity of the note.$)$

$5.$ Unearned rent of $$2,530$ has been earned.

$6.$ Salaries of $$810$ are accrued and unpaid at May $31.$

prepare the adjusting entries for may $31$

Can you solve journalize the adjusting entries

T$-$accounts

Adjusted trial balance

Income statement

Retained earnings statement balance sheet