A

Kingbird Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on Au Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $443 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4\%) (b) equipment (10\%). Salvage value is estimated to be 10% of cost. 1. Aug. Insurance Expense Prepaid Insurance 2. Aug. Supplies Expense Supplies 3. (a) Aug. Depreciation Expense Accumulated Depreciation-Building 3. (b) Aug. Depreciation Expense Accumulated Depreciation-Equipment 4. Aug. Unearned Rent Revenue Rent Expense 5. Aug. Salaries and Wages Expense Salaries and Wages Payable Rent Expense 7. Aug. Interest Expense 31 Interest Payable Kingbird Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on Au Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $443 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4\%) (b) equipment (10\%). Salvage value is estimated to be 10% of cost. 1. Aug. Insurance Expense Prepaid Insurance 2. Aug. Supplies Expense Supplies 3. (a) Aug. Depreciation Expense Accumulated Depreciation-Building 3. (b) Aug. Depreciation Expense Accumulated Depreciation-Equipment 4. Aug. Unearned Rent Revenue Rent Expense 5. Aug. Salaries and Wages Expense Salaries and Wages Payable Rent Expense 7. Aug. Interest Expense 31 Interest Payable