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Pharoah's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on...

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Accounting

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Pharoah's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. In addition to those accounts listed on the trial balance, the chart of accounts for Pharoahis Hotel also contains the following accounts and account numbers: Na. 142 . Accumulated Depreciation-Buildings, No, 150 Accumulated Depreciation-Equipment. No. 212 Salaries and Wages Payable, No. 230 Interest Payabie, No. 619 Depreciation Expense. No. 6315 upplies Expense. No. 718 Interest Expense, and No. 722 lnsurance Expense. Other data 1. Prepaidinsurance is a 1-year policy starting May 1, 2022. 2. A count of supplies shows $600 of unused supplies on May 31. 3. Annwal depreciation is $3,648 on the buildings and $1,440 on equipment. 4. The note payable interest rate is 6%. The note was taken out on May 1 and wilb be regaid along with interest in 1 year. 5. Two-thirds of the unearned rent revenwe has been earned 6. Salaries and wages of $700 are unpaid and unrecorded at May 31 . No. Date Account Titles and Explanation Debit Credit 1. May 31 2. May 31 3. Mary 31 4. May 31 4. May 31 5. May 31 6. May 31

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