The Sheridan Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SHERIDAN HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,333 Supplies 2,600 Prepaid Insurance 1,800 Land 14,833 Buildings 71,200 Equipment 16,800 Accounts Payable Unearned Rent Revenue Mortgage Payable $4,533 3,300 37,200 Common Stock 59,833 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,866 $113,866 Other data: 1. Insurance expires at the rate of $360 per month. 2. A count of supplies shows $1,160 of unused supplies on May 31. 3. (a) Annual depreciation is $3,360 on the building. (b) Annual depreciation is $2,760 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,530 has been earned. 6. Salaries of $830 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. 2. 3(a). 3(b). 4. 5. 6. Debit Credit