The Wildhorse 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 $ 17,100 in the revenue column resulted from Rent Revenue. The $ 8,170 in the expense column includes Salaries and Wages $5,700, Utilities $ 1,520, and Advertising $ 950. Assets Acc. Depr.- Bldgs. + Prepd. Insur. Acc. Depr.- Equip. S Accts. Pay. Int. + Pay Cash + Supplies + + Land + Bldgs. Equip. = + Bal. 4,750 + 4,940 + 3,420 + 28,500 + 133,000 O + 31,920 0 = 8,930 + 0 + Liabilities + Stockholders' Equity Retained Earnings Int. E Pay Sal./Wages Pay. Unearn. Rent. Rev. Mortg. Pay Com. Stock + + + + + Rev. Exp. Div O + 0 + 6,270 + 68,400 + 114,000 + 17,100 8,170 0 (a) Record adjustments on May 31 that reflect the following data. Include explanations for each adjustment to revenue or expense. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) 1. Insurance expires at the rate of $ 855 per month. 2. A count of supplies shows $ 1,995 of unused supplies on May 31. 3. (a) Annual depreciation is $ 6,840 on the building. (b) Annual depreciation is $ 5,700 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 $ 4,750 have been provided. 6. Salaries of $ 1,710 are accrued and unpaid at May 31. Prepd. Insur. Cash + Supplies + + Land Bal. 4,750 4,940 3,420 28,5 Adj. 1. Adj. 2. Adj. 3a. Adj. 3b. Adj. 4. Adj. 5. Adj. 6. Adj. Bal. Acc. Depr.- Bldgs. Land Bldgs. Equip. 28,500 133,000 0 31,920 Liabilities Acc. Depr. Equip. Accts. Pay. Sal./Wages Pay. Int. Pay 0 8,930 0 0 Liabilities Sal./Wages Pay. Unearn. Rent. Rev. Mortg. Pay Com. Stock + + + 0 6,270 68,400 114,000 Stockholders' Equity Retained Earnings Com. Stock + Rev. Exp. Div 114,000 17,100 - 8,170 0 Stockholders' Equity Retained Earnings Rev. Exp. Div 17,100 - 8,170 0 Salaries & Wages Expense Interest Expense Depreciation Expense Insurance Expense Supplies Expense Rent Revenue