The Cullumber Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31 CULLUMBER HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,263 Supplies 2.600 Prepaid Insurance 1.800 Land 14.763 70,000 Buildings Equipment 16,800 $4,463 Accounts Payable Unearned Rent Revenue Mortgage Payable 3,300 36,000 Common Stock 59,763 Rent Revenue 9.000 Salaries and Wages Expense 3.000 Utilities Expense 800 Advertising Expense 500 $112,526 $112,526 Other data: 1. 2. Insurance expires at the rate of $450 per month. A count of supplies shows $1,120 of unused supplies on May 31 (a) Annual depreciation is $2,880 on the building. 3 (b) Annual depreciation is $2.280 on equipment, 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1) Unearned rent of $2,680 has been earned, 5. 6. Salaries of $650 are accrued and unpaid at May 31. (a) Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1 2 3(a). 3(b). I 5