Question

CALCULATOR PRINTER VERSION <BACK NE Problem 3-02A a-d (Part Level Submission) Wildhorse's Hotel opened for business on May 1, 2020. Its trial balance before adjustment on May 31 is as follows. WILDHORSE'S HOTEL Trial Balance May 31, 2020 Credit Account Number 101 128 130 Debit $ 3,500 2,100 1,800 15,000 62,000 15,600 140 141 149 201 208 275 301 429 610 Cash Supplies Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Owner's Capital Rent Revenue Advertising Expense Salaries and Wages Expense Utilities Expense $ 4,800 3,000 40,000 41,400 15,600 726 732 600 3,300 900 $104,800 $104,800 In addition to those accounts listed on the trial balance, the chart of accounts for Wildhorse's Hotel also contains the following accounts and account numbers: No. 142 Accumulated Depreciation --Buildings, No. 150 Accumulated Depreciation Equipinent, 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:

Answer 1

No.	Date	Account Titles and Explanation	Debit	Credit
1	May 31	Insurance expense [$1,800 x 1/12]	$ 150
		Prepaid insurance		$ 150
		[To record insurance expense]
2	May 31	Supplies expense [$2,100 - $700]	$ 1,400
		Supplies		$ 1,400
		[To record supplies expense]
3	May 31	Depreciation expense-building	$ 3,720
		Depreciation expense-equipment	$ 1,560
		Accumulated depreciation [$3,720 + $1,560]		$ 5,280
		[To record depreciation expense]
4	May 31	Interest expense [$40,000 x 6% x 1/12]	$ 200
		Interest payable		$ 200
		[To record accrued interest]
5	May 31	Cash [$3,000 x 2/3]	$ 2,000
		Unearned revenue		$ 2,000
		[To record cash received from unearned rent revenue]
6	May 31	Salaries expense	$ 800
		Salaries payable		$ 800
		[To record accrued salaries]