2. (Adjusting Entries) Greco Resort opened for business on June I with eight air-conditioned units Its trial balance on August 31 is as follows. (10 points) Greco Resort Trial Balance August 31, 2020 Debit Credit Cash $ 19,600 Prepaid Insurance 4,500 Supplies 2.600 Land 20.000 Buildings 120,000 Equipment 16,000 Accounts Payable $ 4,500 Uncanned Rent Revenue 4,600 Mortgage Payable 60,000 Common Stock 91.000 Retained Earings 9,000 Dividends 5,000 Rent Revenue 76,200 Salaries and Wages Expense 44.800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3.600 $245,300 $245,300 Other data: 1. An inventory count on August 31 shows $450 of supplies on hand. 2. Annual depreciation rate of equipment is 10% of depreciable base. Salvage value is estimated to be 10% of cost. 3. Salaries of $375 were unpaid at August 31. 4. Rentals of $800 were due from tenants at August 31, and the rent payment will be collected in the following month 5. The loan interest rate is 8% per year paid annually on January 1. Instructions: Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31 for the above five items. (Omit explanations.)