The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31 MOTO HOTEL Trial Balance May 31, 2017 Debit Credit Cash $ 2.263 Supplies 2.600 Prepaid Insurance 1.800 Land 14 763 Buildings 67,600 Equipment 16,800 Accounts Payable 54,463 Unearned Rent Revenue 3,300 33,600 59,763 9.000 Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense 3,000 800 500 $110,126 $110.126 Other data: 1 2 Insurance expires at the rate of $300 per month A count of supplies shows $1.070 of unused supplies on May 31 (a) Annual depreciation is $2,830 on the building (b) Annual depreciation is $2.280 on equipment 3. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1) 5. Unearned rent of $2.690 has been earned 6. Salaries of 5690 are accrued and unpaid at May 31 Journalise the adjusting entries on May 31 Of no entry is required led "No Entry for the account titles and enter for the amounts Credit account titles are automaty Indented when the amount hentered. Do not indent manual Debit Credit No. Account Titles and Explanation R 1 2 30 316) D Textbook and Media List of Accounts Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Uneamed Rent Revenge Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense > Insurance Expense Supplies Expense MOTO HOTEL Adjusted Trial Balance Debit Credit 5 5 LE MOTO HOTEL Income Statement 5 eTextbook and Media List of Accounts Prepare a retained earnings statement for the month of May. MOTO HOTEL Retained Earnings Statement Textbook and Media Land Buildings and Equipment MOTO HOTEL Balance Sheet Assets Liabilities and Stockholders' Equity Identify which accounts should be closed on May 31 Cash Supplies Prepaid Insurance > Land > Buildings Equipment Accounts Payable Unearned Rent Revenue > Mortgage Payable Depreciation Expense