al balance accounts (c) Prepare an adjusted trial balance at June 30, L P3-2A Lazy River Resort Ltd. opened for business on June 1, 2017. Its trial balance sting entries pare adjusted and financial 4 adjustment on August 31 is as follows. LAZY RIVER RESORT LTD. Trial Balance August 31, 2017 Debit Credit Account Number 101 126 130 140 143 157 201 208 275 311 332 429 622 726 732 19,600 3,300 6,000 25,000 125,000 26,000 Cash es Prepaid Insurance Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Share Capital-Ordinary Dividends Rent Revenue Maintenance and Repairs Expense Salaries and Wages Expense Utilities Expense 6,500 7,400 80,000 100,000 5,000 80,000 3,600 51,000 9,400 273,900 273,900 In addition to those accounts listed on the trial balance, the chart of accounts River Resort Ltd. also contains the following accounts and account numbers: Accounts Receivable, No. 144 Accumulated Depreciation-Buildings, No. 158 lated Depreciation--Equipment, No. 212 Salaries and Wages Pay Payable, No. 631 Supplies Expense, No. 711 Depreciation Expense, No. 718 Expense, and No. 722 Insurance Expense. Other data: for Lazy No. 112 able, No. 230 Interest Interest 1. Insurance expires at the rate of 400 per 2. A count on Augus 3. Annual depreciation is 4,500 on buildings and 2,400 on equipment. 4. Unearned rent revenue of 4,100 should be recorded as rent revenue prior to August 5. Salaries of 400 were unpaid at August 31. t31 shows 900 of supplies on hand. 6. Rentals of 3,700 were due from tenants at August 31. (Use Accounts Receivable) 7. The mortgage interest rate is 9% per year. (Themortgage was taken out on August 1 .) Instructions (a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. () Adi, trial balance (b) Prepare a ledger using the three-column form of account. Enter the trial balance 280,.325 amounts and post the adjusting entries. (Use J1 as the posting reference.) (d) Net income 17,475 (c) Prepare an adjusted trial balance on August 31. (d) Prepare an income statement and a retained earnings statement for the 3 months endcomiasets 203 Ending retained 2,475 ing August 31 and a statement of financial position as of August 31. Total assets 203,275 Advertising SpA was founded by Pat Costello in January 2016. Presented Prepare adusting entries and wial halances as of December 31, 2017 financial statements (LO 5,6,7)