Current Attempt in Progress The following is the adjusted balance for Carla Vista Lodge tits year end. Mwy 31, 2021. The company adjust counts month Debit Credit 56.366 11400 Cash Accounts receive Supplies Prepaid luce Land 40 107310 168.000 $23.400 Buildings Accumulated depreciation building Purniture Accumulated depreciation-furniture 30.900 20.800 3600 17.500 120.000 50.000 Accounts Deferred revenue More able tue 2004 Commons Retained earnings Dividends declared Rent income Sweepen Utilities pense 41230 1.200 20476 99.500 23910 143 30 Depreciation experte Inderst expen Trourance cupere Advertising peme Income tax expense ARE 1020 6660 5498.00 $198.00 Additional information 1 2 3 Anasemat insurance policy was purchased for the first time on October 1, 2020, for $11.700 ch A count of succes shows $1.24 of supoles on hand on May 31 The buildings have an estimated sette of 20 years and straight line depreciation is pled The furniture an estimated net te or two years and straight-ane de cociation is applied Customers mustava 5 100 deposit they want to book aroomin advance during the peak period Analysis of these bootinha 175 deposits were received and credited to Deferred Revenue Dy May 31.25 of the deposits were canned 4 Additional information 1 2 3. 4. 5 6 An annual insurance policy was purchased for the first time on October 1, 2020 for $11.760 cash A count of supplies shows $1.24 et supplies on hand on May 31 The buildings have an estimated unetut life of 20 years and straight-line depreciation is applied The furniture has an estimated to life or five years and straight line depreciation is pelled Customers must pay $100 deposit they want to book a room in advance during the peak period. An analysis of these bookings indicates that 175 deposits were received and credited to Deferred Revenue By May 31,25 of the deposits were earned On May 25, a local business contracted with Carla Vista Loder to rent one of its housekeeping units for four months starting June 1, at a rate of 52.580 per month. An advance payment equal to one month rent was paid on May 25 and credited to Root Income On May 31. Carta Vista Lodge has earned 1851 of rent income from customers who are currently staying at the lodge The customers will pay the amount owing only when they check out in early Jane Salaries of $1.643 are unpaid at Mw31 Interest on the martese payable is $700 for the month of May and dut June 1. The May utility bill of $2.274 has not yet been recorded or paid, Additional income tax is estimated to be 5970 7. B 10 11 (5) Prepare adjusting journal entries for the month (istol debit entries before credit entries Credit accountries are automatically Indented when the amount is entered. Do not indent manual. Round all amounts to the nearest do I no entry is required, select "No Entry for the accounttiles and enter for the amounts: Debit Credit No Date Account Titles and Explanation May 1 31 2 31 31 31 31