10 poin QUESTION 1 Maquoketa River Resort opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. MAQUOKETA RIVER RESORT Trial Balance August 31, 2017 Debit Credit Account Number 101 Cash $ 19,600 126 Supplies Prepaid Insurance 130 140 Land 3,300 6,000 25,000 125,000 26,000 143 149 201 Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable 208 $ 6,500 7.400 80,000 100,000 275 301 306 5.000 429 80,000 622 Owner's Capital Owner's Drawings Rent Revenue Maintenance and Repairs Expense Salaries and Wages Expense Utilities Expense 726 3,600 51,000 9,400 $273.900 732 $273.900 in addition to those accounts listed on the trial balance, the chart of accounts for Maquoketa River Resort also contains the following accounts and account numbers: No. 112 Accounts Receivable. No. 144 Accumulated Depreciation Buildings, No. 150 Accumulated Depreciation Equipment, No. 212 Salaries and Wages Payable, No. 230 Interest Payable, No 620 Depreciation Expense, No 631 Supplies Expense, No. 718 Interest Expense, and No. 722 insurance Expense. Other data: 1. Insurance expires at the rate of $300 per month 2. A count on August 31 shows 5800 of supplies on hand. Annual depreciation is $6.000 on buildings and 52.400 on equipment 4. Unearned rent revenue of 54,800 was earned prior to August 31. 5. Salaries of 5400 were unpaid ar August 31 6. Rentals of $4,000 were due from tenants at August 31. (Use Accounts Receivable) 7. The mortgage Interest rate is per year. The mortgage was taken out on August 1) Instruction a. Journalize the adjusting entries on August 31 for the month period June 1-August 31 b. Prepare an adjusted trial balance on August 31