P$3\mathrm{.}2$A $($LO $2,3,4)$ Financial Statement Hank's Hotel opened for business on May $1,2020.$ Its trial balance before adjustment on May $31$ is as follows.

Hank's Hotel

Trial Balance

May $31,2020$

In addition to those accounts listed on the trial balance, the chart of accounts for Hank'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:

$1.$ Prepaid insurance is a $1-$year policy starting May $1,2020.$

$2.$ A count of supplies shows $\backslash (\backslash$$ $750\backslash )$ of unused supplies on May $31.$

$3.$ Annual depreciation is $\backslash (\backslash$$ $3,600\backslash )$ on the buildings and $\backslash (\backslash$$ $1,500\backslash )$ on equipment.

$4.$ The mortgage interest rate is $\backslash (6\backslash \%\backslash ).($The mortgage was taken out on May $1.)$

$5.$ Two$-$thirds of the unearned rent revenue has been earned.

$6.$ Salaries of $\backslash (\backslash$$ $750\backslash )$ are accrued and unpaid at May $31.$