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The Sunland Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below
The Sunland Hotel opened for business on May 1, 2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $24,300 in the revenue column resulted from Rent Revenue. The $11,610 in the expense column includes $ alaries and Wages $8,100, Utilities $2,160, and Advertising $1,350. The Sunland Hotel ogened for business on May 1,2022. The May transactions resulted in a tabular summary, with May 31 unadjusted balances shown below in the first row. The $24,300 in the revenue column resulted from Rent Revenue. The $11,610 in the expense column includes $ Salaries and Wages $8,100, Utilities $2,160, and Advertising $1,350. Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense- of a transection results in a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liabllity or Equity item that was reduced.) 1. Insurance expires at the rate of $1,215 per month. 2. A count of supplies shows $2.835 of unused supplies on May 31 3. (a) Annual depreciation is $9.720 on the bulding. (b) Annual depreciation is 58,100 on equipment. 4. The mortgage interest rate is 6% (The mortgage was taken out on May 1.) 5. Rental services related to unearned rent of $6,750 have been provided. 6. 5alaries of $2.430 are accrued and unpaid at May31
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