The Skyline Motel opened for business on May 1,2022. Its trial balance before adjustment on...

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Accounting

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The Skyline Motel opened for business on May 1,2022. Its trial balance before adjustment on May 31 is as follow5. In addition to those accounts listed on the trial balance, the chart of accounts for Skyline Motel also contains the following accoun and account numbers: No. 142 Accumulated Depreciation-Buildings, No. 150 Accumulated Depreciation-Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No. 619 Depreciation Expense, No. 631 Supplies Expense, No. 718 Interest Expense, and No. 722 Insurance Expense. Other data: 1. Prepaid insurance is a 1-year policy starting May 1,2022. 2. A count of supplies shows $750 of unused supplies on May 31. 3. Annual depreciation is $3,000 on the buildings and $1,500 on equipment. 4. The note payable interest rate is 12%. (The note was taken out on May 1 and will be repaid along with interest in 2 years.) 5. Two-thirds of the unearned rent revenue has been earned. 6. Salaries and wages of $750 are unpaid and unrecorded at May 31. Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post Interest Payable No. 230 Prepare an adjusted trial balance on May 31. Skyline Motel Adjusted Trial Balance Debit Credit $ Totals

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