After retiring from working in the high-tech industry, Albert Forges borrowed $75,000 and started a cottage rental business on June 1, 2021. The trial balance for Whispering Winds Cottages on August 31, 2021 is as follows:

Whispering Winds Cottages Unadjusted Trial Balance August 31, 2021
		Debit		Credit
Cash		$6,000
Prepaid Insurance		3,700
Supplies		1,600
Land		20,000
Buildings		140,000
Furniture		16,000
Accounts Payable				$5,500
Unearned Revenue				4,500
Notes Payable				75,000
A. Forges, Capital				95,000
A. Forges, Drawings		5,000
Rent Revenue				70,800
Salaries Expense		45,000
Utilities Expense		9,500
Repairs Expense		4,000
		$250,800		$250,800

Other data:

1.		The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021.
2.		A count on August 31 shows $500 of supplies on hand.
3.		Annual depreciation for buildings is based on a 25-year useful life.
4.		Annual depreciation for furniture based on a 10-year useful life.
5.		Unearned Revenue of $3,600 for rent was earned prior to August 31.
6.		Salaries of $360 were unpaid at August 31.
7.		Rent revenue of $850 were due from tenants at August 31. (Use Accounts Receivable.)
8.		The note payable interest rate is 6% per year. Prepare an adjusted trial balance as at August 31.