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 Cash $2,263 Supplies 2,600 Prepaid Insurance 1.800 Land 14.763 Buildings 67,600 Equipment 16.800 Accounts Payable $4,463 3,300 Unearned Rent Revenue 33,600 Mortgage Payable 59,763 Common Stock Rent Revenue 9,000 Salaries and Wages Expense 3,000 500 Advertising Expense $110,126 $110,126 Other data: 1. 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. 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) Debit Credit No Account Titles and Explanation 1. Prepaid Insurance Insurance Expense 2 Supplies Supplies Expense 3(a). Buildings Accumulated Depreciation Buildings 3(b). Equipment Accumulated Depreciation Equipment 4 Interest Payable Mortgage Payable Homework 4.08/20 !!! Question 5 of 5 Accumulated Depreciation Buildings 3(b) Equipment Accumulated Depreciation Equipment 4 Interest Payable Mortgage Payable 5. Interest Revenue Rent Revenue 6. Salaries and Wages Expense Accounts Payable e Textbook and Media List of Accounts Attempts: 3 of 15 used Submit Answer Sve forte 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 Duminy Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Interest Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Interest Expense Insurance Expense v e Textbook and Media ORIOLE HOTEL Adjusted Trial Balance Debit Credit $ $ $ 4.08/2 Question 5 of 5 13