plus kimmel financial accounting 8e urces problem 4 3a the moto hotel opened for bus 3611169

PLUS Kimmel, Financial Accounting, 8e URCES Problem 4-3A The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before addustment on May MOTO HOTEL Trial Balance May 31, 2017 2,433 study Supplies 2,600 Prepaid Insurance 1,800 Land 14,933 Buildings 72,400 Equipment 16,800 Accounts Payable 4,633 Unearned Rent Revenue 3,300 Mortgage payable 38,400 Common Stock 59,933 Rent Revenue 9,000 Salaries and Wages Expense utilities Expense Advertising Expense 500 $115,266 $115,266 Other data: 1. Insurance expires at the rate of $300 per month. 2. A count of supplies shows $1.090 of unused supplies on May 31 3. (a) Annual depreciation is $3,240 on the building. (b) Annual depreciation is $2,640 on equipment. 4. The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5. Uneanned rent of $2,650 has been earned. 6. salaries of $710 are accrued and unpaid at May 31. Your answer is correct. indented the entries on May 31. If no entry is required, select No Entry for the accoun when the amount is Do not indent manually.) com/edugan/shared/assignment/tost/aglist unlAN10064

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The Moto Hotel opened for business on May 1, 2017. Here Is Its trial balance before adjustment on May Insurance expires at the fate of $300 per month. A count of supplies shows $1, 090 of unused supplies on May 31. (a) Annual depreciation is $3, 240 on the building. (b) Annual depreciation is $2, 640 on equipment the mortgage interest rate is 5%. (The mortgage was taken out on May 1.) Unearned rent of $2, 650 has been earned. Salaries of $710 are accrued and unpaid at May 31. Journalize the adjusting entries on May 31. (If no entry is required, select “No Entry” for the account Indented when the amount is entered. Do not indent manually.)

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