prepare a ledger account using the three column form account. enter the trial balance amounts into the blanacr column and than post the adjusting entries

CRANE'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 126 130 140 141 149 201 Debit $ 3,600 2,100 3,000 15,000 61,200 14,400 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 208 275 $ 4,800 3,000 40,000 41,400 14,950 301 420 610 726 732 600 3,300 950 $104,150 $104,150 Other data: 1. 2. Prepaid insurance is a 1-year policy starting May 1, 2020. A count of supplies shows $700 of unused supplies on May 31. Annual depreciation is $3,672 on the buildings and $1,440 on equipment. The mortgage at an annual interest rate is 6%. (The mortgage was taken out on May 1.) Two-thirds of the unearned rent revenue has been earned. Salaries of $700 are accrued and unpaid at May 31. 5. 6. Help System Announcements Cash Date Explanation Ref. Debit No. 101 Balance Credit May 31 Balance Supplies Date No. 126 Balance Explanation Ref. Debit Credit May 31 Balance Balance v May 31 Adjusting Prepaid Insurance Date Explanation No. 130 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Land Date No. 140 Balance Explanation Ref. Debit Credit May 31 Balance Buildings Date No. 141 Balance Explanation Ref. Debit Credit May 31 Balance Accumulated Depreciation Buildings Date Explanation No. 142 Balance Ref. Debit Credit May 31 Adjusting Equipment Date No. 149 Balance Explanation Ref. Debit Credit May 31 Balance No. 150 Accumulated Depreciation Equipment Date Explanation Ref. Debit Credit Balance May 31 Adjusting Accounts Payable Date Explanation No. 201 Balance Ref. Debit Credit May 31 Balance Unearned Rent Revenue Date Explanation No. 208 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Salaries and Wages Payable Date Explanation No. 212 Balance Ref. Debit Credit May 31 Adjusting Interest Payable Date Explanation No. 230 Balance Ref. Debit Credit May 31 Adjusting Mortgage Payable Date Explanation No. 275 Balance Ref. Debit Credit May 31 Balance Owner's Capital Date Explanation Ref. Debit No. 301 Balance Credit May 31 Balance Rent Revenue Date Explanation No. 429 Balance Ref. Debit Credit May 31 Balance May 31 Adjusting Advertising Expense Date Explanation No. 610 Balance Ref. Debit Credit May 31 Balance Depreciation Expense Date Explanation No. 619 Balance Ref. Debit Credit May 31 Adjusting J1 Supplies Expense Date Explanation No. 631 Balance Ref. Debit Credit May 31 Adjusting Interest Expense Date Explanation No. 718 Balance Ref. Debit Credit May 31 Adjusting J1 Insurance Expense Date Explanation No. 722 Balance Ref. Debit Credit May 31 Adjusting Adjusting Salaries and Wages Expense Date Explanation No. 726 Balance Ref. Debit Credit X May 31 Balance May 31 Adjusting Utilities Expense Date Explanation No. 732 Balance Ref. Debit Credit May 31 Balance