The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. Other data: 1.   Insurance expires at the rate of $300 per month. 2.   A count of supplies shows $1,070 of unused supplies on May 31. 3.   (a) Annual depreciation is $2,880 on the building.     (b) Annual depreciation is $2,280 on equipment. 4.   The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5.   Unearned rent of $2,690 has been earned. 6.   Salaries of $690 are accrued and unpaid at May 31. Prepare a ledger using T-accounts. Enter the trial balance amounts and post the adjusting entries. (Post entries in the order of journal entries presented in the previous question.) Cash, Supplies, Prepaid Insurance, Land, Building, Accumulated Depreciation-Building, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Unearned Rent Revenue, Salaries and Wages Payable, Interest Payable, Mortgage Payable, Common Stock, Rent Revenue, Salaries and Wages Expense, Utilities Expense, Advertising Expense, Interest Expense, Insurance Expense, Supplies Expense, Depreciation Expense.

McNamara Industries completed the following transactions during 2024: (Click the icon to view the transactions.) Journalize the transactions. Explanations are not required. Round to the nearest dollar. (Record debits first, then credits. Exclude explanations from journal entries.) Nov. 1: Made sales of $16,000. McNamara estimates that warranty expense is 5% of sales. (Record only the warranty expense.) Date Accounts Debit Credit Nov. 1 More info Nov. 1 Nov. 20 Dec. 31 Dec. 31 ← Made sales of $16,000. McNamara estimates that warranty expense is 5% of sales. (Record only the warranty expense.) Paid $500 to satisfy warranty claims. Estimated vacation benefits expense to be $3,500. McNamara expected to pay its employees a 4% bonus on net income after deducting the bonus. Net income for the year is $25,000. Prin Done X

Marin Ltd. started the year with a balance owing from Stratford Inc. of $31,200. After several phone calls, on Feb. 1, 2025, Stratford offered to sign a 5% note for the balance owing. The note is due May 1, 2025. Marin has a calendar year end and adjusts its accounts monthly. On May 5, Marin Ltd. was notified that Stratford Inc. went bankrupt and would not be paying off its debts.Required: Prepare all journal entries and month-end adjusting entries from Feb. 1, 2025 to May 5, 2025 for Marin Ltd.

The following are the trial balance and the other information related to Bruce Marigold, who operates a construction hauling business.MARIGOLDTRIAL BALANCEDECEMBER 31, 2020 DebitCreditCash$39,000Accounts Receivable48, 400Allowance for Doubtful Accounts$3,400 Supplies3, 040Prepaid Insurance1, 200Equipment30, 000Accumulated Depreciation Equipment5, 750Notes Payable 7, 200Owners Capital45, 640Service Revenue 97,790 Rent Expense 7, 800Salaries and Wages Expense28, 400Utilities Expenses1, 040Office Expense900 $159, 780$159, 7801. Fees received in advance from clients $5, 100, which were recorded as revenue.2. Services performed for clients that were not recorded by December 31, $5,000.3. Equipment is being depreciated at 8% per year.4. Bad debt expense for the year is $1,470.5. Insurance expired during the year $520.6. Marigold gave the bank a 90-

The Moto Hotel opened for business on May 1, 2017. Here is its trial balance before adjustment on May 31. Other data: 1.   Insurance expires at the rate of $300 per month. 2.   A count of supplies shows $1,070 of unused supplies on May 31. 3.   (a) Annual depreciation is $2,880 on the building.     (b) Annual depreciation is $2,280 on equipment. 4.   The mortgage interest rate is 5%. (The mortgage was taken out on May 1.) 5.   Unearned rent of $2,690 has been earned. 6.   Salaries of $690 are accrued and unpaid at May 31. Prepare an income statement for the month of May. Cash, Supplies, Prepaid Insurance, Land, Building, Accumulated Depreciation-Building, Equipment, Accumulated Depreciation-Equipment, Accounts Payable, Unearned Rent Revenue, Salaries and Wages Payable, Interest Payable, Mortgage Payable, Common Stock, Rent Revenue, Salaries and Wages Expense, Utilities Expense, Advertising Expense, Interest Expense, Insurance Expense, Supplies Expense, Depreciation…