TheIvanhoeHotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31.

IVANHOEHOTEL

Trial Balance

May 31, 2022Debit

Credit

Cash$2,433Supplies2,600Prepaid Insurance1,800Land14,933Buildings67,600Equipment16,800Accounts Payable$4,633Unearned Rent Revenue3,300Mortgage Payable33,600Common Stock59,933Rent Revenue9,000Salaries and Wages Expense3,000Utilities Expense800Advertising Expense500

$110,466

$110,466

Other data:

1.Insurance expires at the rate of $450per month.2.A count of supplies shows $1,080of unused supplies on May 31.3.(a) Annual depreciation is $3,960on the building.(b) Annual depreciation is $3,360on equipment.4.The mortgage interest rate is5%. (The mortgage was taken out on May 1.)5.Unearned rent of $2,570has been earned.6.Salaries of $790are accrued and unpaid at May 31.

Prepare 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.)

Cash

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Supplies

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Prepaid Insurance

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Land

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Building

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Accumulated Depreciation-Building

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Equipment

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Accumulated Depreciation-Equipment

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Accounts Payable

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Unearned Rent Revenue

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Salaries and Wages Payable

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Interest Payable

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Mortgage Payable

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Common Stock

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Rent Revenue

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Salaries and Wages Expense

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Utilities Expense

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Advertising Expense

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Interest Expense

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Insurance Expense

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Supplies Expense

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Depreciation Expense

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a debit amount

choose a transaction date

5/1

5/31

5/31Bal.

enter a credit amount

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a debit balance

choose the end date of the accounting period

5/1

5/31

5/31Bal.

enter a credit balance

Prepare an adjusted trial balance on May 31.

IVANHOEHOTEL

Adjusted Trial Balance

choose the accounting period

For the Month Ended May 31, 2022

May 31, 2022

For the Year Ended May 31, 2022

Debit

Credit

enter an account title

$

enter a debit balance

$

enter a credit balance

enter an account title

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enter a credit balance

enter an account title

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enter a credit balance

enter an account title

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enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

enter an account title

enter a debit balance

enter a credit balance

$

enter a total for the debit column

$

enter a total for the credit column