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The Ivanhoe Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary.with May 31 unadjusted balances shown below in

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The Ivanhoe 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 $20.700 in the revenue column resulted from Rent Revenue. The $9,890 in the expense column includes Salaries and Wages $6,900. Utilities $1,840, and Advertising $1,150. Assets Prepd. Insur. Acc Depr. Bldgs. + Acc. Depr. Equip. Accts. Pay. Int. Pay Cash + Supplies + + Land Bldgs. Equip. 4,140 0 + + 0 + 34,500 38,640 0 - 5,980 161.000 Bal. 5.750 + 10.810 - - The Ivanhoe 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 $20,700 in the revenue column resulted from Rent Revenue. The $9,890 in the expense column includes salaries and Wages $6.900, Utilities $1,840, and Advertising $1.150. Liabilities Stockholders' Equity Retained Earnings Acc. Depr. Equip. Accts. Pay. Int. + Pay Sal./Wages Pay. Unearn. Rent. Rev. Mortg Pay Com. Stock + + + -- + Rev. Exp. Div 0 0 + 0 + 7.590 10,810 + + 82.800 - 138,000 20.700 9,890 0 Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (if 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.) 1. Insurance expires at the rate of $1,035 per month. A count of supplies shows $2,415 of unused supplies on May 31. 2. 3. (a) Annual depreciation is $8.280 on the building. (b) Annual depreciation is $6.900 on equipment. 4 The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) Rental services related to unearned rent of $5,750 have been provided. 5. 6. Salaries of $2,070 are accrued and unpaid at May 31. Cash Supplies Prepd Insur. Land Bal 5.750 5,980 4.140 3 Adj. 1. Adj. 2 Adj. 3a. Adj. 35. Adj. 4 Adj. 5. Adj. 6. Adj. Bal

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