Current Attempt in Progress After retiring from working in the high-tech industry. Albert Forges borrowed $75.000 and started a cottage rental business on June 1.2021. The trial balance for Flint Cottages on August 31.2021 is as follows: Flint Cottages Unadjusted Trial Balance August 31, 2021 Debit Credit Cash $7.300 Prepaid Insurance 3,500 Supplies 1.900 Land 19.000 Buildings 140,000 Furniture 16,000 Accounts Payable $4,000 Unearned Revenue 5.000 Notes Payable 75,000 A. Forges. Capital 85,000 A. Forges, Drawings 4.100 A. Forges Drawings 4.100 Rent Revenue 84,700 Salaries Expense 50.000 Utilities Expense 8,600 Repairs Expense 3.300 $253,700 $253.700 Other data 1. The balance in Prepaid Insurance is a one-year premium paid on June 1, 2021 2 A count on August 31 shows $500 of supplies on hand. 3. Annual depreciation for buildings is based on a 25-year useful life. 4. Annual depreciation for furniture based on a 10-year useful life 5. Unearned Revenue of $3,500 for rent was earned prior to August 31. 6. Salaries of $350 were unpaid at August 31. 7 Rent revenue of $5820 were due from tenants at August 31. (Use Accounts Receivable.) 8 The note payable interest rate is 6% per year. quesuun Prepare an adjusted trial balance as at August 31. Insurance Expense Prepaid Insurance Supplies Expense Supplies Depreciation Expense Flint Cottages Trial Balance August 31, 2021 Accumulated Depreciation-Building Depreciation Expense Accumulated Depreciation-Furniture $ Debit 875 1400 500 Credit 875 1400 400 Accumulated Depreciation-Furniture Unearned Revenue Rent Revenue Salaries Expense Salaries Payable Accounts Receivable Rent Revenue Interest Expense Interest Payable 820 1125 400 350 1125 Question 8 of 10 9.33/25 1 eTextbook and Media Assistance Used