Exercise 3-10 Blossom Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. BLOSSOM RESORT TRIAL BALANCE AUGUST 31, 2020 Debit Credit Cash $26,500 Prepaid Insurance 11,400 Supplies 9,500 Land 26,000 Buildings 126,000 Equipment 22,000 Accounts Payable $11,400 Unearned Rent Revenue 11,500 Mortgage Payable 66,000 Common Stock 103,900 Retained Earnings 9,000 Dividends 5,000 Rent Revenue 82,200 Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $284,000 $284,000 Other data: 1. The balance in prepaid insurance is a one-year premium paid on June 1, 2020. 2. An inventory count on August 31 shows $448 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 $3,909 was earned prior to August 31. 5. Salaries of $398 were unpaid at August 31. 6. Rentals of $773 were due from tenants at August 31. (Use Accounts Receivable account.) 7. The mortgage interest rate is 8% per year.

-Journalize the adjusting entries on August 31 for the 3-month period June 1August 31. (Round answers to the nearest whole dollar, e.g. 5,275. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

-Prepare an adjusted trial balance on August 31.