The solo hotel opened for business on may 1, 2014. here is its trial balancebefore adjustment on may 31solo hoteltrial balancemay 31, 2014 debit creditcash $ 2,500supplies 2,600prepaid insurance 1,800land 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 500total: $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 theadjusting entries.(c) prepare an adjusted trial balance on may 31.(d) prepare an income statement and a retained earnings statement for the month of mayand a classified balance sheet at may 31.(e) identify which accounts should be closed on may 31.

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Which one of the following statements is true? ddt does not prevent disease from passing from agricultural animals to humans. cost was a major factor in the united states government's decision to ban ddt. many african governments concluded that the potential long-term health effects of ddt were not as serious as the immediate problem of insect control. ddt cannot accumulate in the fat of animals. the ddt ban in the united states has made it very difficult to control agricultural insect pests.