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  3. the blue hotel ltd. opened for business on may 1,2

The Blue Hotel Ltd. opened for business on May 1,20XX. Here is its trial balance...

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Accounting

The Blue Hotel Ltd. opened for business on May 1,20XX. Here is its trial balance before adjustment on May 31.
Other data:
Insurance expires at the rate of $450 per month.
A count of supplies shows $1,170 of unused supplies on May 31.
Annual depreciation is $3,456 on the building and $3,288 on equipment.
The mortgage interest rate is 6%.(The mortgage was taken out on May 1.)
Unearned rent of $2,740 has been earned.
Salaries of $1,020 are accrued and unpaid at May 31.
Prepare an adjusted trial balance on May 31.
BLUE HOTEL LTD.
Adjusted Trial Balance
Debit
Credit
$
$
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