The Cullumber 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 $19.800 in the revenue column resulted from Rent Revenue. The $9,460 in the expense column includes salaries and Wages $6,600. Utilities $1.760, and Advertising $1,100. Assets Acc. Depr. Bidgs. Acc. Depr- Equip. 0 Prepd. Insur. 3,960 Cash Int. Pay + + Land + + Supplies 5.720 + Bldgs. 154,000 Equip. 36,960 Accts. Pay + 10,340 + Bal. 5,500 + + + 33,000 + + (a) 1. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. alf a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Insurance expires at the rate of $990 per month 2. A count of supplies shows $2,310 of unused supplies on May 31. 3. (a) Annual depreciation is $7.920 on the building (b) Annual depreciation is $6,600 on equipment. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) Rental services related to unearned rent of $5,500 have been provided. Salaries of $1,980 are accrued and unpaid at May 31 4. 5. 6. Prepd. Insur. Cash Supplies Land Bal 5,500 5.720 3,960 3 Adj. 1. Adj2 Adj. 3a. Adi 35 Adj. 4. Adj, 5. Adj. 6 Adj. Bal Assets Acc. Depr. Bldgs. Land Bldgs Equip 33,000 154,000 0 36,960 Equip. Acc. Depr: Equip Accts. Pay. Int. Pay 36,960 O 10,340 0 Liabilities Sal./Wages Pay. Unearn. Rent. Rev. Mortg Pay Com Stock 0 7.260 79.200 132,000 Stockholders' Equity Retained Earnings Exp. 19,800 -9,460 Rev. Div 0 hank and Media (b) The parts of this question must be completed in order. This part wl be available when you complete the part above, (c1) The parts of this question must be completed in order. This part will be available when you complete the part above (c2) The parts of this question must be completed in order. This part will be available when you complete the part above (3) The parts of this question must be completed in order. This part will be available when you complete the part above