"Exercise 3-10 (Part Level Submission) Sweet Resort opened for business on June 1 with eight air-conditioned units. Its trial balance on August 31 is as follows SWEET RESORT TRIAL BALANCE AUGUST 31, 2017 Debit $20,200 5,100 3,200 24,000 124,000 20,000 Credit Cash Prepaid Insurancee Supplies Land Buildings Equipment Accounts Payable Unearned Rent Revenue Mortgage Payable Common Stock Retained Earnings Dividends Rent Revenue Salaries and Wages Expense Utilities Expenses Maintenance and Repairs Expense Totals $5,100 5,200 64,000 95,600 9,000 5,000 80,200 44,800 9,200 3,600 $259,100 $259,100 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 $444 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 $4,016 was earned prior to August 31 5. Salaries of $372 were unpaid at August 31 6. Rentals of $864 were due from tenants at August 31. (Use Accounts Receivable account.)