126 Problem 3-02A a-d (Part Level Submission) Cullumber's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CULLUMBER'S HOTEL Trial Balance May 31, 2020 Account Number Debit Credit 101 Cash $ 3,400 Supplies 2,050 130 Prepaid Insurance 1,800 Land 13,000 Buildings 58,800 Equipment 15,600 Accounts Payable $ 4,900 Unearned Rent Revenue 3,000 Mortgage Payable 40,000 Owner's Capital 41,000 Rent Revenue 10,500 Advertising Expense 600 Salaries and Wages Expense 3,200 Utilities Expense 950 $99,400 $99,400 In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber's Hotel also contains the following a Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2020. LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare an adjusted trial balance on May 31. CULLUMBER'S HOTEL Adjusted Trial Balance Click if you would like to Show Work for this question: Den Show Work LINK TO TEXT LINK 10 TEXT UN TO VEKT Weygandt, Accounting Principles, 13e Hele System Announcements roblem 3-02A a-d (Part Level Submission) llumber's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. CULLUMBER'S HOTEL Trial Balance May 31, 2020 Account Number Credit 101 130 Debit $ 3,400 2,050 1.800 13,000 58,800 15,600 140 141 149 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 $ 4,900 3,000 40.000 41.000 10,500 301 600 3.200 950 599,400 $99,400 In addition to those accounts listed on the trial balance, the chart of accounts for Cullumber's Hotel also contains the followi Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1, 2020. 2. A count of supplies shows $700 of unused supplies on May 31. 3. Annual depreciation is $3,528 on the buildings and $1,560 on equipment. 4. The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries of $800 are accrued and unpaid at May 31. (a) Journalize the adjusting entries on May 31. (Credit account titles are automatically indented when the amount is ente No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. May 31