WILDHORSE HOTEL Balance Sheet Assets WILDHORSE HOTEL Balance Sheet Assets +A < < < < $ $ 5 Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity EA $ The Wildhorse Hotel opened for business on May 1, 2022. Here is its trial balance before adjustment on May 31. WILDHORSE HOTEL Trial Balance May 31, 2022 Debit Credit Cash $2,443 Supplies 2,600 Prepaid Insurance 1,800 Land 14.943) Buildings 72,400 Equipment 16.800 Equ Accounts Payable $4,643 Unearned Rent Revenue 3,300 Mortgage Payable 38,400 Common Stock 59,943 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense 500 $115,286 $115,286 Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,160 of unused supplies on May 31. 3. (a) Annual depreciation is $3,600 on the building. 4. (b) Annual depreciation is $3,000 on equipment. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,530 has been earned. 6. Salaries of $830 are accrued and unpaid at May 31.