After retiring from working in the high-tech industry, Albert Forges borrowed $73,600 and started a cottage rental business on June 1, 2017. The trial balance for Monty Cottages on August 31, 2017 is as follows: Monty Cottages Unadjusted Trial Balance August 31, 2017 Debit Credit Cash $7,370 Prepaid Insurance 3,340 Supplies 1,750 Land 21,800 Buildings 140,000 Furniture 16,400 Accounts Payable $5,000 Unearned Revenue 4,600 Notes Payable 73,600 A. Forges, Capital 89,000 A. Forges, Drawings 5,700 Rent Revenue 80,860 Salaries Expense 43,400 Utilities Expense 9,300 Repairs Expense 4,000 $253,060 $253,060 Other data: 1. The balance in Prepaid Insurance is a one-year premium paid on June 1, 2017. 2. A count on August 31 shows $550 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 $3,500 for rent was earned prior to August 31. 6. Salaries of $365 were unpaid at August 31. 7. Rental fees of $950 were due from tenants at August 31 (Use Accounts Receivable A/c). 8. The note payable interest rate is 6% per year. Journalize the adjusting entries on August 31 for the three-month period June 1 to August 31. (Round answers to o decimal places, e.g. 152. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Aug. 31 No. Date Account Titles and Explanation Debit Credit 1. Aug. 31 2. Aug. 31 V 3. Aug. 31 4. Aug. 31 V 5. Aug. 31 6. Aug. 31 7. Aug. 31 8. Aug. 31 Prepare an adjusted trial balance as at August 31. Monty Cottages Trial Balance Dobit Credit K A A > A A > A V > A A > A A > A $ $ Credit Debit