CONCORD RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit Cash $21,100 Prepaid Insurance 6,000 Supplies 4,100 Land 30,000 Buildings 130,000 Equipment 26,000 Accounts Payable $6,000 Unearned Rent Revenue 6,100 Mortgage Payable 70,000 Common Stock 102,500 9,000 Retained Earnings Dividends 5,000 Rent Revenue 86,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $279,800 $279,800 No. Date Account Titles and Explanation Debit Credit 1. Aug. 31 Insurance Expense 1500 Prepaid Insurance 1500 2. Aug 31 Supplies Expense 3635 Supplies 3635 Aug 3. (a) Depreciation Expense 1170 31 Accumulated Depreciation-Building 1170 Aug 3. (b) Depreciation Expense 585 31 Accumulated Depreciation Equipment 585 1. Aug 31 Unearned Rent Revenue 3618 Rent Revenue 3618 5. Aug. 31 Salaries and Wages Expense 383 Salaries and Wages Payable 383 Aug 5. Accounts Receivable 812 31 Rent Revenue 812 7. Aug. 31 Interest Expense 1400 Interest Payable 1400 Prepare an adjusted trial balance on August 31. CONCORD RESORT Adjusted Trial Balance Debit Credit Cash Prepaid Insurance Suppllus Land Bulidings Totals