Bonita Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. BONITA RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit $22,300 Cash Prepaid Insurance 7,200 5,300 Supplies Land 28,000 Buildings 128,000 Equipment 24,000 $7.200 Accounts Payable 7,300 Unearned Rent Revenue 68,000 Mortgage Payable 101,700 Common Stock 9,000 Retained Earnings 5,000 Dividends 84,200 Rent Revenue 44,800 Salaries and Wages Expense 9,200 Utilities Expenses 3,600 Maintenance and Repairs Expense $277,400 $277,400 Other data: The balance in prepaid insurance is a one-year premium paid on June 1, 2020. Aninventory count on August 31 shows $444 of supplies on hand. Annual depreciation rates are (a) buildings (4%) (b) equipment (10 % ). 1. 2. 3. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. An inventory count on August 31 shows $444 of supplies on hand. Annual depreciation rates are (a) buildings (4%) (b) equipment (10%) Salvage value is estimated to be 10 % of cost. Unearned Rent Revenue of $3,945 was earned prior to August 31 1. 2. 3. 4. Salaries of $371 were unpaid at August 31. 5. 6. Rentals of $867 were due from tenants at August 31. (Use Accounts Receivable account.) 7. The mortgage interest rate is 8 % per year Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest whole dollar, e s 5,275. 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 Ofor the amounts) Account Titles and Explanation No. Date Debit Credit 1 Aug 31 2 Aug 31 3. (a) Aug 31 3. (b) Aug 31 4 Aug 31 Aug 31 5 Aug 31 Aug 31 7