E3-10 ILO3 adjustiog Entries) Greco Resort opened for business on june 1 with eigh air comdioned unite hs triat balanea xes 133 GRECO RESORT TRIAL BALANCE AUGUST 31, 2017 DebvitCredis s 19,800 Cash Supplies Buildings Equipment Paya $ 4,500 4,600 60,000 91000 Mortgage Payable 9,000 Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense 5,000 44,800 9.200 3,600 $245 300 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 $450 of supplies on hand. 3 Annual depreciation rates are buildings (4%) and equipment (10% Salvage value is estimated tobe 10% ofcost 4. Unearned Rent Revenue of $3,800 was earned prior to August 31. 5. Salaries of $375 were unpaid at August 31. 6. Rentals of $800 were due from tenants at August 31. 7, The mortgage interest rate is 8% per year. (a) Journalize the adjusting entries on August 31 for the 3-month period June 1-August 31.(Omit explanations.) (b) Prepare an adjusted trial balance on August 31. Instructions E3-11 Lo4) Prepare Financial Statements) The adjusted trial balance of Anderson Cooper Co,as of December contains the following 2017