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tProblem 4-3A The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31. SOLO HOTEL Trial

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tProblem 4-3A The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31. SOLO HOTEL Trial Balance May 31, 2014 dy Debit Credit $ 2,808 2,600 1,800 15,308 76,000 16,800 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense 5,008 3,300 42,000 60,308 9,000 3,000 800 500 $119,616 $119,616 Other data: 1. Insurance expires at the rate of $300 per month. 2. A count of supplies shows $1,137 of unused supplies on May 31. 3. (a) Annual depreciation is $3,240 on the building. (b) Annual depreciation is $3,120 on equipment 4, The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,690 has been earned 6. Salaries of $654 are accrued and unpaid at May 31. ou LINK TO TEXT Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in arder af SOLO HOTEL Balance Sheet May 31, 2014 and Stockholders MacBook Air 2 3 4 5 6 9 By accessing this Question Assistance, yeu wil learn while you earn points based on the Paint Potential Policy set by your instructor question AttemptsI 0 of 5 used MacBook Air 3 4 5 6 9

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