After retiring from working in the high-tech industry. Albert Forges borrowed $72.000 and started a cott rental buio June 1.2021. The trial balance for Ayaya Cottages on August 31, 2021 was follows Ayayal Cottages Unadjusted Trial Balance August 31, 2021 Debit 55.000 Prepaid insurance 3,200 Supplies 1.500 Land 18.000 Buildings 130,000 Furniture 14.000 Accounts Payable Unearned Revenue Notes Payable A Forges Capital A Forges. Drawings 4000 Rent Revenge Solaris Expense 40.000 Utilities Expense 3,000 Repairs Expense 2.000 $225,700 54000 4400 72.000 85.000 60300 $225,700 Other data 1 NH 5 The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021 A count on August 31 shows $400 of supplies on hand. Annual depreciation for buildings is based on a 25 year useful life Annual depreciation for furniture based on a 10-vear useful tite Unearned Revenue of $3,500 for rent was eamed prior to August 31 Salaries of $350 were unpaidat August 31 Rent revenue of $750 were due from tenants at August 31. (Use Accounts Receivable) The note payable interest rate iso per year. 7