The Vang Hotel opened for business on May 1, 2012. Here is its trial balance before…

The Vang Hotel opened for business on May 1, 2012. Here is its trial balance beforeadjustment on May 31.VANG HOTELTrial BalanceMay 31, 2012Debit CreditCash $ 2,500Prepaid Insurance 1,800Supplies 2,600Land 15,000Buildings 70,000Equipment 16,800Accounts Payable $ 4,700Unearned Rent Revenue 3,300Mortgage Payable 36,000Common Stock 60,000Rent Revenue 9,000Salaries and Wages Expense 3,000Utilities Expense 800Advertising Expense 500$113,000 $113,000Other data:1. Insurance expires at the rate of $450 per month.2. A count of supplies shows $1,050 of unused supplies on May 31.3. Annual depreciation is $3,600 on the building and $3,000 on equipment.4. The mortgage interest rate is 6%. (The mortgage was taken out on May 1.)5. Unearned rent of $2,500 has been earned.6. Salaries of $900 are accrued and unpaid at May 31.Instructions(a) Journalize the adjusting entries on May 31.(b) Prepare a ledger using T accounts. Enter the trial balance amounts and post the adjustingentries.(c) Prepare an adjusted trial balance on May 31.