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Exercise 3-10 (Part Level Submission) Indigo Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as
Exercise 3-10 (Part Level Submission) Indigo Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows. INDIGO RESORT TRIAL BALANCE AUGUST 31, 2017 Debit Credit Cash $26,500 Prepaid Insurance 11,400 Supplies 9,500 Land 26,000 126,000 Buildings 22,000 Equipment $11,400 Accounts Payable unearned Rent Revenue 11,500 Mortgage Payable 66,000 Common Stock 103,900 9,000 Retained Earnings 5,000 Dividends 82,200 Rent Revenue Salaries and Wages Expense 44,800 Utilities Expenses 9,200 Maintenance and Repairs Expense 3,600 $284,000 $284,000 Totals
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