The Oriole Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. ORIOLE HOTEL Trial Balance May 31, 2022 Debit Credit $ 2.263 2,600 1,800 14,763 67,600 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense $4,463 3,300 33,600 59.763 9,000 3,000 800 500 $110,126 $110,126 Other data: 2. 3. 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 $2,880 on the building. (b) Annual depreciation is $2.280 on equipment. The mortgage interest rate is 5%. (The mortgage was taken out on May 1) Unearned rent of $2,690 has been earned. Salaries of $690 are accrued and unpaid at May 31, 4. 5. 6. Your answer is correct. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Insurance Expense 300 Prepaid Insurance 300 2. Supplies Expense 530 Supplies 1530 3(a). Depreciation Expense 240 Accumulated Depreciation-Buildings 240 3 (b). Depreciation Expense 190 Accumulated Depreciation-Equipment 190 4. Interest Expense 140 Interest Payable 140 5. Unearned Rent Revenue 2690 Rent Revenue 2690 690 6. Salaries and Wages Expense 690 Salaries and Wages Payable e Textbook and Media List of Accounts Your answer is incorrect Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of Journal entries presented in the previous question) Cash Supplies Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Uncamned Rent Revenue Salaries and Wages Payable Question 1 of 2 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 Depreciation Expense Supplies Expense Depreciation Expense >