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The Ivanhoe Motel opened for business on May 1,2027. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts

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The Ivanhoe Motel opened for business on May 1,2027. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Ivanhoe Motel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, Na 212 Salaries and Wages Payable, No, 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, To, 718 Interest Expense, and No. 722 instirance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2027. 2. A count of supplies shows $810 of unused supplies on May 31 . 3. Annual depreciation is $3,240 on the buildings and $1,536 on equipment. 4. The note payable interest rate is 12%, (The note was taken out on May 1 and will be repaid along with inter est in 2 years.) 5. Two-thirds of the unearned rent reverue has been earned. 6. Salaries and wages of $885 areunpaid and unrecorded at Mary 31. No. Date Account Titles and Explanation Debit Credit 1. 31 2. 31 3. May 4. May 5. 31 6. May

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