BATAM Unit 1 Activity 6 Assignment - Adjusting Entries The following is a trial balance for The Super Motel which opened business on May 1, 20- The trial balance before the fiscal period end adjustment for May 31 is as follows: The Super Motel Debit Credit Cash $ 1 000 Accounts Receivable 500 Prepaid Insurance 1 800 GIC 1 000 Supplies 1 900 Land 15 000 Lodge 70 000 Furniture 16 800 Accounts Payable $ 4700 Mortgage Payable 35 000 Sara Sutton, Capital 60 000 Rent Revenue 12 800 Salaries Expense 3 000 Utilities Expense 1 000 Advertising Expense 500 $ 112.500 $ 112 500 Additional Information: 1. The 12 month insurance policy was purchased May 1. 2 A physical count of supplies shows $1000 remaining on May 31. 3. Annual amortization is for the lodge is $3500 and for the furniture is $3360. The 8% mortgage began May 1. This interest is only paid once a year (which isn't now). . Included in the Rent Revenue is a $3600 deposit for rent in June. 6. The GIC bears an interest of 5% annually. 7. Salaries of $500 are paid at the end of the week. May 31 falls on a Wednesday. 8. The Super Motel suspects that 2% of their Accounts Receivable will become uncollectable in the next fiscal period. 4. GENERAL JOURNAL PARTICULARS PAGE DEBIT DATE PR CREDIT