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# Julien Hotel

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Please see the attachment and I need excel format.

#### Solution Preview

(a)
1 May-31 Insurance Expense &#8194; 300
Prepaid Insurance &#8194; 300

2 Supplies Expense 1,250 The balance of supplies will be
Supplies 1,250 consumed
&#8194;&#8194;(\$2,600 - \$1,350)

3 Depreciation Expense?Lodge &#8194; 300 one month depreciation
&#8194;&#8194;(\$3,600 X 1/12)
Accumulated Depreciation?
&#8194;&#8194;Lodge &#8194; 300

Depreciation Expense?Furniture &#8194; 250 one month depreciation
&#8194;&#8194;(\$3,000 X 1/12)
Accumulated Depreciation?
&#8194;&#8194;Furniture &#8194; 250

4 Interest Expense &#8194; 270 One month interest
Interest Payable &#8194; 270
&#8194;&#8194;[(\$36,000 X 9%) X 1/12]

5 Unearned Rent Revenue 1,500
Rent Revenue 1,500 \$1,500 of rent is earned

6 Salaries Expense &#8194; 750
Salaries Payable &#8194; 750

(b) The balance in the trial balance are put in T-accounts and the adjusting entries are posted

Cash Supplies
5/31 Bal. 2,500 5/31 Bal. 2,600 5/31 1,250
5/31 Bal. 1,350

Prepaid Insurance
5/31 Bal. 1,800 5/31 300 Land
5/31 Bal. 1,500 5/31 Bal. 15,000

Lodge Accumulated ...

#### Solution Summary

The solution explains the adjusting entries and prepares the financial statements for Julien Hotel

\$2.19