The Wildhorse Hotel opened for business on May 1, 2025. Here is its trial balance before adjustment on May 31. Wildhorse Hotel Trial Balance May 31, 2025 Debit Credit Cash $2.593 Supplies 2,600 Prepaid Insurance 1,800 Land 15,093 Buildings 71,200 Equipment 16,800 Accounts Payable $4,793 Unearned Rent Revenue 3.300 Notes Payable 37.200 Common Stock 60,093 Rent Revenue 9.000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $114,386 $114,386 Other data: 1 Insurance expires at the rate of $450 per month. 2 A count of supplies shows $1,180 of unused supplies on May 31 3. Annual depreciation is $3,960 on the building and $3,360 on equipment 4. The notes payable interest rate is 6% (The note was taken out on May 1 and has a 1-year life. Interest and principal are to be repaid at the maturity of the note) 5. Unearned rent of $2,660 has been earned 740 undandunaid at May 31