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Buffalo Resort opened for business on June 1 with eight air-conditioned units. It's trial balance on August 31 is as follows. Prepare an adjusted trial
Buffalo Resort opened for business on June 1 with eight air-conditioned units. It's trial balance on August 31 is as follows.
iPad 5:58 PM ley Help I S CALCULATORPRINTER VERSION BACK ASSIGNMENT RESOURCES Exercise 3-10 HW1 Buffalo Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows BUFFALO RESORT TRIAL BALANCE AUGUST 31, 2017 G Exercise 3-2 Credit Cash Prepaid Insurance Supplies Land Buildings Debit $21,400 6,300 4,400 22,000 122,000 18,000 Objective $6,300 6,400 62,000 94,800 9,000 Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense Totals 5,000 78,200 44,800 9,200 3,600 $256,700 $256,700 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2017 2. An inventory count on August 31 shows $429 of supplies on hand Prepare an adjusted trial balance on August 31.
(If you can also include the calculations and explanations along with the complete trial balance, i would appreciate it.)
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