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Crane Resort opened for business on June 1 with eight air-conditioned units. Its trial balanceon August 31 is as follows The balance in prepaid insurance

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Crane Resort opened for business on June 1 with eight air-conditioned units. Its trial balanceon August 31 is as follows The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $429 of supplies on hand. 3. Annual depreciation rates are (a) buildings (4\%) (b) equipment (10%). Salvage value is estimated to be 10% of cost. 4. Unearned Rent Revenue of $3,679 was earned prior to August 31 . 5. Salaries of $342 were unpaid at August 31 . 6. Rentals of $744 were due from tenants at August 31 . (Use Accounts Receivable account) 7. The mortgage interest rate is 8% per year. Joumalize the adjusting entries on August 31 for the 3-month period June 1-August 31. (Round answers to the nearest whole dollar, e.g. 5,275. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry s requined, sclet "No entry" for the occount titles and enter Ofor the amounts) Prepare anadiusted triallazianctoniAusuni B1

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