The Sunland Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. SUNLAND HOTEL Trial Balance May 31, 2022 Debit Credit Cash $ 2,623 Supplies 2,600 1,800 Prepaid Insurance Land 15,123 Buildings 70,000 Equipment 16,800 Accounts Payable $4,823 Unearned Rent Revenue 3,300 Mortgage Payable 36,000 Common Stock 60,123 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $113,246 $113,246 Other data: MacBook Air 1. Insurance expires at the rate of $300 per month 2. A count of supplies shows $1,050 of unused supplies on May 31. 3. (a) Annual depreciation is $3,480 on the building. (b) Annual depreciation is $2,880 on equipment. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,590 has been earne. 6. Salaries of $730 are accrued and unpaid at May 31. - Your answer is partially correct. Journalize the adjusting entries on May 31. Of no entry is required, select "No Entry for the account titles and enter for the amount entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit Insurance Expense Prepaid Insurance Supplies Expense Supplies 3(a). Depreciation Expense 3480 Accumulated Depreciation-Buildings MacBook Air CSC Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the Cash Supplies Prepaid Insurance Building Accumulated Depreciation-Building MacBook Air $ % 1 TAL