The Highland Cove Resort has a May 31 fiscal year end and prepares adjusting entries on a monthly basis. The following trial balance was prepared before recording the May 31 month-end adjustments: HIGHLAND COVE RESORT Trial Balance May 31, 2021 Debit Credit Cash $ 17,020 Prepaid Insurance 1,470 Supplies 815 Land 33,000 Buildings 150,000 Accumulated DepreciationBuildings $ 47,750 Furniture 33,000 Accumulated DepreciationFurniture 12,925 Accounts Payable 6,000 Unearned Revenue 12,300 Mortgage Payable 105,000 K. MacPhail, Capital 50,000 K. MacPhail, Drawings 42,310 Service Revenue 266,465 Depreciation Expense 5,775 Insurance Expense 5,390 Interest Expense 7,700 Repairs Expense 14,400 Salaries Expense 150,710 Supplies Expense 4,650 Utilities Expense 34,200 $ 500,440 $ 500,440 Additional information: 1. The company pays $ 5,880 for its annual insurance policy on July 31 of each year. 2. A count shows $ 560 of supplies on hand on May 31, 2021. 3. The building has an estimated useful life of 50 years. 4. The furniture has an estimated useful life of 10 years. 5. Two thirds of the unearned revenue have been earned. 6. The mortgage interest rate is 8.0% per year. Interest has been paid to May 1, 2021. 7. Salaries accrued to the end of May were $ 1,500. 8. The May utility bill of $ 3,220 is unrecorded and unpaid. Prepare the monthly adjusting journal entries on May 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31 4. May 31 5. May 31 6. May 31 7. May 31 8. May 31 Question Part Score--/20 Post the monthly adjusting journal entries on May 31. (Post entries in the order of journal entries presented in the previous part.) Cash May 31 17,020 Prepaid Insurance May 31 1,470 Supplies May 31 815 Land May 31 33,000 Buildings May 31 150,000 Accumulated Depreciation-Buildings May 31 47,750 Furniture May 31 33,000 Accumulated Depreciation-Furniture May 31 12,925 Accounts Payable May 31 6,000 Mortgage Payable May 31 105,000 Unearned Revenue May 31 12,300 Interest Payable Salaries Payable K. MacPhail, Capital May 31 50,000 K. MacPhail, Drawings May 31 42,310 Service Revenue May 31 266,465 Salaries Expense May 31 150,710 Interest Expense May 31 7,700 Repairs Expense May 31 14,400 Utilities Expense May 31 34,200 Insurance Expense May 31 5,390 Depreciation Expense May 31 5,775 Supplies Expense May 31 4,650 Question Part Score--/12 Prepare an adjusted trial balance at May 31. HIGHLAND COVE RESORT Adjusted Trial Balance Debit Credit $ $ Total $ $.