Current Attempt in Progress

Sheridan's Hotel opened for business on May $1,2022.$ Its trial balance before adjustment on May $31$ is as follows.

In addition to those accounts listed on the trial balance, the chart of accounts for Sheridan's Hotel also contains the following accounts

and account numbers: No$.142$ Accumulated Depreciation$-$Buildings, No$.150$ Accumulated Depreciation$-$Equipment, No$.212$

Salaries and Wages Payable, No$.230$ Interest Payable, No$.619$ Depreciation Expense, No$.631$ Supplies Expense, No$.718$ Interest

Expense, and No$.722$ Insurance Expense.

Other data:

Prepaid insurance is a $1-$year policy starting May $1,2022.$

A count of supplies shows $$800$ of unused supplies on May $31.$

Annual depreciation is $$3,540$ on the buildings and $$1,500$ on equipment.

The note payable interest rate is $6\%.($The note was taken out on May $1$ and will be repaid along with interest in $1$ year.$)$

Two$-$thirds of the unearned rent revenue has been earned.

Salaries and wages of $$700$ are unpaid and unrecorded at May $31.$

Sheridan's Hotel

Trail Balance $($Adjusted$)$

May $31.2022$

Debit Credit

Cash $$3,400\mathrm{.}00$

Supplies $$800\mathrm{.}00$

Prepaid Insurance $$2,200\mathrm{.}00$

Land $$13,000\mathrm{.}00$

Buildings $$59,000\mathrm{.}00$

Accumulated Depreciation $-$ Buildings $$295\mathrm{.}00$

Equipment $$15,000\mathrm{.}00$

Accumulated Depreciation $-$ Equipment $$125\mathrm{.}00$

Notes Payable $$40,000\mathrm{.}00$

Interest Payable $$200\mathrm{.}00$

Salaries and Wages Payable $$700\mathrm{.}00$

Accounts Payable $$4,800\mathrm{.}00$

Unearned Rent Revenue $$1,100\mathrm{.}00$

Owner's Capital $$41,500\mathrm{.}00$

Rent Renevue $$12,300\mathrm{.}00$

Advertising Expense $$600\mathrm{.}00$

Salaries and Wages Expense $$3,900\mathrm{.}00$

Utilities Expense $$950\mathrm{.}00$

Insurance Expense $$200\mathrm{.}00$

Supplies Expense $$1,350\mathrm{.}00$

Depreciation Expense $$420\mathrm{.}00$

Interest Expense $$200\mathrm{.}00$

Totals: $$101,020\mathrm{.}00$ $$101,020\mathrm{.}00$Prepare an owner's equity statement for the month of May.

How do I fill out the Owner's Equity Statement?