The Vang Hotel opened for business on May 1, 2012. Here is its trial balance before adjustment on May 31.

VANG HOTEL Trial Balance May 31, 2012
		Debit		Credit
Cash		$ 2,500
Prepaid Insurance		1,800
Supplies		2,600
Land		15,000
Buildings		70,000
Equipment		16,800
Accounts Payable				$ 4,700
Unearned Rent Revenue				3,300
Mortgage Payable				36,000
Common Stock				60,000
Rent Revenue				9,000
Salaries and Wages Expense		3,000
Utilities Expense		800
Advertising Expense		500
		$113,000		$113,000

Other data:

1.		Insurance expires at the rate of $450 per month.
2.		A count of supplies shows $1,050 of unused supplies on May 31.
3.		(a) Annual depreciation is $3,600 on the building.
		(b) Annual depreciation is $3,000 on equipment.
4.		The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)
5.		Unearned rent of $2,500 has been earned.
6.		Salaries of $900 are accrued and unpaid at May 31.

(a)

	Your answer is partially correct. Try again.

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

(b)

	Your answer is partially correct. Try again.

Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.)