Current Attempt in Progress The Ivanhoe Hotel opened for business on May $1,2025.$ Here is its trial balance before adjustment on May $31.$Ivanhoe Hotel Trial Balance May $31,2025$ Other data: $1.$ Insurance expires at the rate of $\backslash (\backslash$$ $450\backslash )$ per month. $2.$ A count of supplies shows $\backslash (\backslash$$ $1,080\backslash )$ of unused supplies on May $31.3.$ Annual depreciation is $\backslash (\backslash$$ $3,960\backslash )$ on the building and $\backslash (\backslash$$ $3,360\backslash )$ on equipment. $4.$ The notes payable interest rate is $\backslash (5\backslash \%\backslash ).($The note was taken out on May $1$ and has a $1-$year life. Interest and principal are to be repaid at the maturity of the note.$)5.$ Unearned rent of $\backslash (\backslash$$ $2,570\backslash )$ has been earned. $6.$ Salaries of $\backslash (\backslash$$ $790\backslash )$ are accrued and unpaid at May $31.$ Your answer is partially correct.

Journalize the adjusting entries on May $31.($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amount in the relevant debit OR credit box. Entering zero in ALL boxes will result in the question being marked incorrect. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$

No$.$ Account Titles and Explanation

$1.$ Insurance Expense

Prepaid Insurance

$2.$ S

$3.$

Accumulated Depreciation$-$Buildings

$($To record depreciation on buildings$)\backslash (]\backslash )$

$($To record depreciation on equipment$)$

$4.$

Accumulated Depreciation$-$Equipment

$5.$ Interest Expense

$6.$ Salaries and Wages Expense

Salaries and Wages Payable