The Moto 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 $9,000 in the revenue column resulted from Rent Revenue. The $4,300 in the expense column includes salaries and Wages $3,000, Utilities $800, and Advertising $500. Liabilities Stockholders' Equity Retained Earnings Acc. Depr.- Equip. Accts. Pay. Int. + Pay Sal./Wages Pay. Unearn. Rent. Rev. Mortg. Pay Com. Stock uip. + + Rev. Exp. Div ,800 0 = 4,700 + 0 + 0 + 3,300 + 36,000 60,000 + 9,000 - 4,300 - O (a) 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 (or 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 $450 per month. 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,600 on the building. (b) Annual depreciation is $3,000 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Rental services related to unearned rent of $2,500 have been provided. 6. Salaries of $900 are accrued and unpaid at May 31. 6. Salaries of $900 are accrued and unpaid at May 31. Prepd. Insur. Cash Supplies Land Bal. 2,500 2,600 1,800 15,000 Adj. 1. Adj. 2. Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Adj. Bal. e Textbook and Media Save for Later Attempts: 0 of 5 used Submit Answer 6. Salaries of $900 are accrued and unpaid at May 31. Acc. Depr.- Bldgs. Acc. Depr.- Equip. Acct Pay. Bldgs. Equip. 70,000 0 16,800 0 6. Salaries of $900 are accrued and unpaid at May 31. Liabilities Accts. Pay. Sal./Wages Pay. Unearn. Rent. Rev. Int. Pay 4,700 0 o 3,300 Stockholders' Equity Retained Earnings Mortg. Pay Com. Stock + + Rev. Exp. 36,000 60,000 9,000 -4,300 Mdi. Stockholders' Equity Retained Earnings Rev. Exp. Div 0 9,000 -4,300 0