Question: monadily) Current Attempt in Progress The Crane Hotel opened for business on May 1,2025. Here is its trial balance before adjustment on May 31. Other




monadily) Current Attempt in Progress The Crane Hotel opened for business on May 1,2025. Here is its trial balance before adjustment on May 31. Other data: 1. Insurance expires at the rate of $450 per month. 2. A count of supplies shows $1,120 of unused supplies on May 31. 3. Annual depreciation is $3,720 on the building and $3,120 on equipment. 4. The notes payable interest rate is 5%. 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 $2,580 has been earned. 6. Salaries of $820 are accrued and unpaid at May 31. Prepaid Insurance 1,800 Land 14,953 Buildings 72,400 Equipment 16,800 Accounts Payable $4,653 Unearned Rent Revenue 3,300 Notes Payable 38,400 Common Stock 59,953 Rent Revenue 9,000 Salaries and Wages Expense 3,000 Utilities Expense 800 Advertising Expense $115,306500$$115,306 4. Interest Expense 192 Interest Payable 5. Unearned Rent Revenue 2.530 Rent Revenue 6. Salaries and Wages Expense 830 Salaries and Wages Payable
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