Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries.The Solo Hotel opened for business on May 1, 2014. Here is its trial balance before adjustment on May 31.

SOLO HOTEL Trial Balance May 31, 2014
		Debit		Credit
Cash		$ 2,500
Supplies		2,600
Prepaid Insurance		1,800
Land		15,000
Buildings		70,000
Equipment		16,800
Accounts Payable				$ 4,700
Unearned Rent Revenue				3,300
Mortgage Payable				36,000
Common Stock				60,000
Rent Revenue				9,000
Salaries and Wages Expense		3,000
Utilities Expense		800
Advertising Expense		500
1.Insurance expires at the rate of $450 per month.2.A count of supplies shows $1,050 of unused supplies on May 31.3.(a) Annual depreciation is $3,600 on the building.(b) Annual depreciation is $3,000 on equipment.4.The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)5.Unearned rent of $2,500 has been earned.6.Salaries of $900 are accrued and unpaid at May 31. ournalize the adjusting entries on May 31. Prepare an adjusted trial balance on May 31. Prepare an income statement for the month of May. Prepare a retained earnings statement for the month of May. Prepare a classified balance sheet at May 31. Prepare a ledger using T accounts enter the trial balance amounts and post the adjusting entries		$113,000		$113,000