You ask to prepare a Ledger using a T-account

The Crane Hotel opened for business on May 1. 2022. Here is its trial balance before adjustment on May 31. 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 $3,480 on the building. (b) Annual depreciation is $2.880 on equipment. 4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.) 5. Unearned rent of $2,580 has been earned. 6. Salaries of $760 are accrued and unpaid at May 31 . Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entrles in the order of foumal entries presented in the previous question) Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Revenue Salaries and Wages Payable Mortgage Payable Common Stock Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expenset Interest Expense Insurance Expense