The Skyline Motel opened for business on May 1, 2015. Its trial balance before adjustment on May 31 is as follows.

SKYLINE MOTEL Trial Balance May 31, 2015
Account Number				Debit		Credit
101		Cash		$ 3,482
126		Supplies		2,146
130		Prepaid Insurance		2,184
140		Land		13,720
141		Buildings		59,040
149		Equipment		15,240
201		Accounts Payable				$ 11,256
208		Unearned Rent Revenue				3,300
275		Mortgage Payable				40,000
301		Common Stock				35,606
429		Rent Revenue				10,476
610		Advertising Expense		630
726		Salaries and Wages Expense		3,307
732		Utilities Expense		889
				$100,638		$100,638

In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Motel also contains the following accounts and account numbers: No. 142 Accumulated DepreciationBuildings, No. 150 Accumulated DepreciationEquipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense.

Other data:

1.		Prepaid insurance is a 1-year policy starting May 1, 2015.
2.		A count of supplies shows $740 of unused supplies on May 31.
3.		Annual depreciation is $2,952 on the buildings and $1,524 on equipment.
4.		The mortgage interest rate is 12%. (The mortgage was taken out on May 1.)
5.		Two-thirds of the unearned rent revenue has been earned.
6.		Salaries of $770 are accrued and unpaid at May 31.

Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account titles and explanation	Debit	Credit
1	May-31	Insurance expense	$ 182
		Prepaid insurance		$ 182
2	May-31	Supplies expense	$ 1,406
		Supplies		$ 1,406
3	May-31	Depreciation expense	$ 373
		Accumulated depreciation - Buildings ($2,952/12 months)		$ 246
		Accumulated depreciation - Equipment ($1,524/12 months)		$ 127
4	May-31	Interest expense	$ 400
		Interest payable		$ 400
5	May-31	Unearned rent revenue	$ 2,200
		Rent revenue		$ 2,200
6	May-31	Salaries and wages expense	$ 770
		Salaries and wages payable		$ 770

Prepare a ledger using the three-column form of account. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question.)

PLEASE CORRECT THE RED

No. 101 Explanation Debit Credit Balance T 3482 May 31 Balance 3482 Supplies No. 126 Explanation Debit Credit Balance May 31 Balance 2146 May 31 Adjusting J1 1406 Prepaid Insurance No. 130 Explanation Debit Credit Balance May 31 Balance 2184 t T 2184 2002 May 31 Adjusting J1 182 Land No. 140 Date Explanation Debit Credit Balance T May 31 Balance 13720 13720 Buildings No. 141 Explanation Debit Credit Balance 590401 T 590401 May 31 Balance Accumulated Depreciation Buildings No. 142 Date Explanation Debit Credit Balance 246 2246 May 31 Adjusting J1 Equipment No. 149 Explanation Debit Credit Balance T May 31 Balance 15240 15240 Accumulated Depreciation Equipment No. 150 Explanation Debit Credit Balance May 31 Adjusting J1 127 127