Credit $ 208,000 EDGE SPORTS REPAIR SHOP Trial Balance September 30, 2019 Debit Cash $ 16,750 Accounts receivable 27,900 Prepaid insurance 2,500 Supplies 5,360 Land 500,000 Building 300,000 Accumulated depreciation - building Equipment 36,000 Accumulated depreciation - equipment Accounts payable Unearned revenue Salaries Payable Interest Payable Mortgage payable R. Brachman, capital R. Brachman, drawings 55,000 Service revenue Interest Expense 27,500 Salaries Expense 164,000 Utilities Expense 16,000 Supplies Expense 7,600 Insurance Expense 3,500 Depreciation Expense 8,550 Income Summary 9,500 9,660 4,400 27,500 600,000 72,150 239,450 $ 1,170,660 $ 1,170,660 Additional information: 1) The mortgage payable has a 5% interest rate. Interest is paid on the first day of October for the previous 12 month's interest. 2) On September 30, 2019, three quarters of the unearned revenue was still unearned, 3) A physical count of supplies shows $ 790 on hand on September 30, 2019. 4) The building has an estimated useful life of 50 years. The equipment has an estimated useful life of twelve years. 5) Service revenue earned but not recorded at September 30, 2019, was $8,200 6) Salaries of $3,400 have been incurred but are unpaid at September 30, 2019. Payday will be on October 3, 2019. 7) During the next fiscal year, $18,400 of the mortgage payable is to be paid. 8) The 12-month insurance policy was purchased for $6,000 cash on February 1, 2019. 57 Record all appropriate adjusting entries using the General Journal format provided below. Se Select the most appropriate account name from the drop down list in each space and enter the transaction amount in the DR and CR spaces. s No explanations are required