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The Riverbed Hotel Ltd. opened for business on May 1, 20XX. Here is its trial balance before adjustment on May 31. 1. Insurance expires at
The Riverbed Hotel Ltd. opened for business on May 1, 20XX. Here is its trial balance before adjustment on May 31. 1. Insurance expires at the rate of $410 per month. 2. A count of supplies shows $1,070 of unused supplies on May 31. 3. Annual depreciation is $3,576 on the building and $3,048 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,540 has been earned. 6. Salaries of $920 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit crencint titlon arn nutamatimalhs indantad whan tha amaiut is antamed Da mat indant manuallo, No. 1. 2. 3
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