The Skysong, Inc. opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows.

Account Number				Debit		Credit
101		Cash		$ 3,400
126		Supplies		2,050
130		Prepaid Insurance		3,000
140		Land		14,000
141		Buildings		59,400
149		Equipment		14,900
201		Accounts Payable				$ 11,900
208		Unearned Rent Revenue				3,100
275		Mortgage Payable				40,000
311		Common Stock				35,800
429		Rent Revenue				10,750
610		Advertising Expense		650
726		Salaries and Wages Expense		3,300
732		Utilities Expense		850
				$101,550		$101,550

In addition to those accounts listed on the trial balance, the chart of accounts for Skysong, Inc. 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, 2020.
2.		A count of supplies shows $800 of unused supplies on May 31.
3.		Annual depreciation is $2,976 on the buildings and $1,488 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 $800 are accrued and unpaid at May 31.