The following is the unadjusted trial balance for Cullumber Lodge Ltd. at its year end, May 31, 2021. The company adjusts its accounts monthly. Accumulated depreciation-furniture Accounts payable Deferred revenue 17,800 Mortgage payable, due 2024 8,930 Common shares 138,000 Common shares 50,000 Retained earnings 40,440 Dividends declared 1,940 Rent income 218,675 Salaries expense Utilities expense 102,850 Depreciation expense 24.480 Interest expense 14,340 Insurance expense 9,190 6,300 Additional information: 1. An annual insurance policy was purchased for the first time on October 1,2020, for $10,800 cash. 2. A count of supplies shows $1.259 of supplies on hand on May 31 . 3. The buildings have an estimated useful life of 20 years and straight-line depreciation is applied. 4. The furniture has an estimated useful life of five years and straight-line depreciation is applied. 5. Customers must pay a $100 deposit if they want to book a room in advance during the peak period. An analysis of these. bookings indicates that 175 deposits were received and credited to Deferred Revenue. By May 31,25 of the deposits were earned. 6. On May 25, a local business contracted with Cullumber Lodge to rent one of its housekeeping units for four months, starting June 1, at a rate of $3,065 per month. An advance payment equal to one month's rent was paid on May 25 and credited to Rent Income. 7. On May 31, Cullumber Lodge has earned $1,835 of rent income from customers who are currently staying at the lodge. The customers will pay the amount owing only when they check out in early June. 8. Salaries of $1,525 are unpaid at May 31 . 9. Interest on the mortgage payable is $805 for the month of May and due June 1. 10. The May utility bill of $2,089 has not yet been recorded or paid, 11. Additional income tax is estimated to be $1,030. (a) Prepare adjusting journal entries for the month. (List all debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar if no entry is required, select "No Entrv" for the occount titles and enter. Of or the amounts) Prepare adjusting journal entries for the month. (List all debit entries before credit entries, Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) 5. 31 Deferred Revenue Rent income 6. 31 Rent Income Deferred Revenue: 7. 31 Accounts Recelvable Rent income 8. 31 Salaries Expense Salaries Payable 9. 31 Interest Expense Interest Payable 10. 31 Utilities Expense Accounts Payable 11. 31 income Tax Expense Income Tax Payable