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Prepare an adjusted trial balance on May 31. CULLUMBER HOTEL Adjusted Trial Balance Debit Credit $ $ Prepare an income statement for the month of May. CULLUMBER HOTEL Income Statement For the Month Ended May 31, 2022 Revenues Rent Revenue Expenses Salaries and Wages Expense $ Utilities Expense Advertising Expense Depreciation Expense Interest Expense LE Supplies Expense Insurance Expense Total Expenses Net Income /(Loss) $ Prepare an Income statement for the month of May. CULLUMBER HOTEL Income Statement For the Month Ended May 31, 2022 Revenues Rent Revenue Expenses Salaries and Wages Expense Utilitles Expense Advertising Expense TOOITO! Depreciation Expense Interest Expense Supplies Expense Insurance Expense Total Expenses Net Income (Les $ eTextbook and Media List of Accounts Your answer is partially correct. Prepare a retained earnings statement for the month of May. CULLUMBER HOTEL Retained Earnings Statement For the Month Ended May 31, 2022 Retained Earnings, May 1 $ Add : Net Income/(Loss) Retalned Earnines, May 31 5 eTextbook and Media List of Accounts Prepare a classified balance sheet at May 31. (List current assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment.) CULLUMBER HOTEL Balance Sheet May31.2022) Assets Current Assets Supples Prepaid Insurance Total Current Assets Property, plant and Equipment Land Bulldings Liabilities and Stockholders' Equity Total abilities Total Liabilities Stockholders Equity

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