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 Credit Debit $ 2,263 2,600 1,800 14,763 70,000 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $4,463 3,300 36,000 59.763 9,000 3,000 800 500 $112,526 $112.526 Chandata MacBook Pro Other data: 1. 2. 3. 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. (b) Annual depreciation is $2,280 on equipment. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) Unearned rent of $2,680 has been earned. Salaries of $650 are accrued and unpaid at May 31. 4. 5. 6. (e) Identify which accounts should be closed on May 31 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable e Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense PULL Interest Expense Insurance Expense Supplies Expense Depreciation Expense